Coinbase Finalizes Plans To List Ethereum Classic (ETC)

Coinbase Finalizes Plans To List Ethereum Classic (ETC)

While the cryptocurrency market has been in a tumultuous state over the past 72 hours, Coinbase has pushed forward with its development, recently noting that Ethereum Classic is almost ready for addition to the platform’s exclusive roster of cryptocurrencies.

In mid-June, Ethereum World News reported that Coinbase had announced that the firm’s engineering team had begun to work on the integration of Ethereum Classic. At the time, the well-established cryptocurrency platform did not give a clear timeline on the integration of the crypto asset, seemingly going silent regarding news about the listing.

But with this most recent announcement, it is clear the engineering and coding team at the firm had their heads down, doing their utmost best to add ETC as soon as possible.

On Friday afternoon, Coinbase took to Twitter to break the latest update on this situation. They issued the following tweet to the account’s over one million followers, which sent shockwaves rippling throughout the industry.

Our engineering team is beginning final testing of Ethereum Classic on Coinbase products. We expect final testing to be completed by Tuesday, August 7, at which point we expect to announce that we’re ready to accept inbound transfers of ETC.https://t.co/l7smcSY3q8 — Coinbase (@coinbase) August 3, 2018

In the blog post accompanying the tweet, the exchange revealed that they expect final testing to be completed by August 7th. Following the conclusion of the firm’s extensive rounds of testing, Coinbase will open support for inbound deposits on Coinbase Pro (formerly GDAX) and Coinbase Prime.

It is important to note that trading will not be enabled immediately, with the exchange intending to allocate 24 to 48 hours to explicitly facilitate ETC deposits. The firm’s Twitter account noted:

“We intend to allow 24-48 hours of inbound transfers before enabling trading of Ethereum Classic on and Prime.”
“Coinbase Consumer will list assets only after they are listed on Coinbase Pro and Prime. We plan to add support for ETC on Coinbase Consumer when sufficient liquidity is established. We expect this to occur approximately 1–2 weeks after trading begins on Pro and Prime.”
Check out Ethereum Classic soaring after @coinbase announced it will hit its platform on August 7 pic.twitter.com/bRVTsSXHtf — CNBC's Fast Money (@CNBCFastMoney) August 3, 2018

Share your thoughts, add a comment!

You must be logged in in order to place a comment.

Article comments

Loading...
No comments yet, be the first to comment this article