Ethereum Classic to be Listed on Coinbase, Goes Through Final Testing

Coinbase recently announced that they are currently in the final stages of testing support for ethereum classic (ETC) as the exchange prepares to offer support for it across their different services. The exchange published these details to the public on their official blog. This is a new approach that the exchange is taking to be more transparent with their users.

Ethereum classic will be listed on incrementally across the various services that the platform offers, namely, Coinbase Custody, Coinbase Markets, Coinbase Pro, Coinbase Prime, Coinbase Asset Management and Coinbase Consumer.

Once the cryptocurrency is listed, Coinbase Pro, along with Coinbase Prime and Coinbase Markets customers will get access to start trading ETC. In the case of Coinbase Custody, support will be added for inbound transfers and withdrawals of ethereum classic.

There will a delay of 24-48 hours for Coinbase Markets customers during which the Coinbase Pro and Coinbase Prime members will still have access to ETC. This is in line with the company’s policies. But trading for Pro and Prime members will only be activated as soon as there is enough liquidity.

The Coinbase Consumer customers will be the last to get access to ETC as the company policy dictates that Coinbase Consumer members can only get access to newly listed cryptocurrencies after the Coinbase Pro and Prime members get access to it. Once the requisite amount of liquidity has been established, Coinbase will list ETC on Consumer but that will take at least 1-2 weeks after trading of ETC commences on Pro and Prime.

So far the crypto exchange has not declared any official dates as to when these listings will happen. There are only estimates for now. During the announcement, Coinbase revealed that they will be following up with further information about the listing status.

Coinbase also revealed that once ethereum classic is fully listed on their platforms (including all the services that they offer), it will be made available to all geographies, subject to availability dictated by Coinbase platform trading rules.

Earlier this year Coinbase came under fire when it had to face a class action lawsuit over accusations of insider trading during last December’s bitcoin cash listing. Since then, the crypto exchange has taken these measures of information announcement as a way to make things more transparent, and also a way to increase the trust of investors in their platform.

Comments (No)

Leave a Reply