We are pleased to announce our intention to add support for Ethereum Classic (ETC) on Coinbase in the coming months.https://t.co/bUG4iLUr2J— Coinbase (@coinbase) June 12, 2018
just wondering, what is the actual purpose of etc? any real world development going on with it?
This is great news, although I don’t think the pump is a bit unwarranted as they didn’t give a definite date on its release.
Peter did an in depth video on why he’s going in big on ETC. You can check it out here:
thank you! will take a look at this
No wonder it pumped today. Good thing I own some. Peter predicted this.
Coinbase will make some nice change off the ETC they held after the fork. Wondering whats going to happen when people start to complain about their ETC that is held by coinbase. Its gonna look shady has hell if they dont address this.
I FOMOd in. $15 is still good since my average cost is $17. Hoping it won’t dump tonight…
Glad I bought a while ago when Dogelord made a vid about it
It probably will dump tonight tbh … that’s a big ass candle
Coinbase may be one of the most-lauded crypto exchanges, but it supports just four coins right now which is far fewer than most others. That’s about to change a little after it announced plans to add Ethereum Classic (ETC), an alternate version of Ethereum, to its service “in the coming months.”
Ethereum Classic was created in June 2016 following a major hack on The DAO, a fundraising vehicle for the project. In short: the Ethereum Foundation created a new version of Ethereum — known today as Ethereum — that rescued the lost funds, while those who opposed continued on with the original chain which was known as Ethereum Classic.
Ethereum is the second-highest valued token after only Bitcoin while ETC is number 19, according to Coinmarketcap. The value of ETC jumped is up nearly 20 percent over the past 24 hours after spiking following Coinbase’s announcement.
A date for the introduction of ETC will be communicated via Coinbase blog and Twitter account in due course, according to the company.
Coinbase is announcing its intention to list Ethereum Classic ahead of time so that it can test integrations as part of its new policy on adding new tokens, but that move is also in response to concerns that around inside trading when the exchange added Bitcoin Cash last December.
Coinbase went so far as to investigate the incident which saw service outages and wild price fluctuations for Bitcoin Cash right after its addition to the exchange.
Indeed, the price hit a high of $8,500 on Coinbase and its GDAX service for professional investors, which was almost three times higher than the $3,500 price on all other exchanges. That led to speculation that Coinbase staff and insiders could have profited by buying BCH on other exchanges in the knowledge that it was about to be added to Coinbase, thus raising the price significantly.
This time around with ETC, Coinbase will hope that its statement of intent to list the token further down the line will avoid the potential for foul play.
This listing could be the first of many for Coinbase this year.
In today’s announcement, the company again reiterated its intention to add support for ERC20 tokens — the type that are generated by an ICO — and Bitcoin forks in the future.
Outside of adding new tokens, Coinbase is exploring how it can work with new blockchain technology including atomic swaps, sharding, proof of stake and more, according to CTO Balaji Srinivasan who joined earlier this year.
More generally 2018 is seemingly a year for growth and development at Coinbase. Beyond hiring Srinivasan as its first CTO through the acquisition of his startup Earn.com, the firm has introduced an investment arm and begun doing deals.
On the services side, it added services for institutional investors and recently bought a securities dealer that it hopes will eventually allow it to trade ICO tokens. Other acquisitions this year alone have included decentralized browser and wallet service Toshi, trading platform Paradex and Memo.ai.
So some of you guys plan to cash out after it spikes on Coinbase?
You knew it was coming. Wish I had the dough to buy in back in the early days.
Actually the price has come down significantly since the prediction, even with the latest pump, so you’re still doing better to buy now
Also just FOMOed in lol YouTube news is going to blow up in the morning.
ATH was 47! Once the market goes on a bull run, it might surpass it! Gonna watch the video, then do research.
Couldn’t help it, I also caught a bad case of the FOMO last night. Also left a bit more in BNB.
I did. I knew something like this would happen. The little birds. …
It’s true. But the long term potential is real. Bigly guys! Strong hands survive!
Don’t forget about Callisto guys. It began trading around $2 after the March 5th airdrop. It’s now trading around ~$0.038. One of the three teams will be dedicated to it’s development, cold staking. Read their whitepaper. Cold staking coming Nov 11, 2018. You don’t want to miss that first reward…