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“We are pleased to announce our intention to add support for Ethereum Classic (ETC) to Coinbase in the coming months,” the exchange wrote on Monday.
On June 11, 2018, cryptocurrency exchange Coinbase published a
, its price spiked on the news that a major trading platform would facilitate its exchange.
According to price charts on CoinMarketCap, yesterday, ETC jumped from a low of $12.34 to a high of $16.22 per unit. Trading volume was concentrated on non-US
Interestingly, the Coinbase announcement coincided with what was essentially a three-month low for ETC. In fact, before the exchange's announcement, ETC hadn't been this cheap since November 2017.
On the whole, Coinbase's announced support for ETC went smoothly, at least compared to the public relations disaster that took place when the exchange decided to list
cash (BCH) in December. At the time, Coinbase was barraged with allegations of potential
Coinbase isn't the only exchange experimenting with Ethereum Classic. Also on Monday, Binance
that it would open trading pairs for ETC/BNB (Binance Coin) and ETC/USDT (
). At the time of writing, Binance hosted 9.75 percent of the global ETC trading volume on its ETC/BTC trading pair.
, founder and CEO of Digital Currency Group, which possesses a significant stake in Coinbase. Silbert's unscrupulous promotion of ETC has come under scrutiny from other publications, including
Matthew has a passion for law and technology. He graduated from Georgetown University, where he studied international economics and music. Matthew enjoys biking and listening to tech podcasts. He lives in Los Angeles.
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The latest core devs’ meeting centered around various Ethereum Improvement Proposals to reduce or maintain block rewards distributed to miners. ETHNews attempts to clear up the mud surrounding the discussion.
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