Ethereum Classic (ETC) Transfers to Coinbase Expected in Next Few Days

Ethereum Classic (ETC) Transfers to Coinbase Expected in Next Few Days

In an August 3rd statement, cryptocurrency exchange Coinbase announced that, barring any setbacks, they’d be greenlighting “inbound transfers” of Ethereum Classic on Coinbase Pro and Coinbase Prime as of August 7th. All relevant platforms should be a-go upon Coinbase Consumer getting ETC functionalities “1–2 weeks after” its fellow exchange arms. 

Also read: High Times Accepting Cryptocurrency for its Equity Crowdfund

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ETC Testing Expected to Be Done Imminently

Coinbase has announced that they anticipate allowing Ethereum Classic transfers onto their Pro and Prime platforms as of August 7th, upon which they would “enable trading” within 48 hours thereafter.

In their August 3rd ETC announcement, the powerhouse American crypto exchange said they “expect final testing to be completed” going into the second week of the month.

The coming launch comes after Coinbase declared they had begun exploring ETC integration back in June 2018. The exchange said today that some services, like Coinbase Markets and Coinbase Consumers, will go live with their ETC support after liquidity and stability have been established on the opening platforms.

As of late, the Ethereum Classic community has been trodding forth with technical advancements, though ETC’s nigh launch throughout the wider Coinbase ecosystem is unquestionably the biggest adoption advancement the smart-contracts platform has come by yet.

Expansion, a Few Steps at a Time

In July 2018, Coinbase said it was exploring adding 0x (ZRX), Basic Attention Token (BAT), Cardano (ADA), Stellar Lumens (XLM), and Zcash (ZEC) on its platforms.

Bitsonline had previously speculated that ZRX and BAT were prime contenders for such a listing. The exchange outlined its rubric for new crypto listings in November 2017.

Coinbase
Ethereum Classic steps into the big time – who follows its lead next onto Coinbase?

In the game of coins, a listing on America’s current top exchange is a sure ticket to increased liquidity, stability, and popularity. As for the bigger picture, Coinbase is not only working — and lobbying — to make crypto more popular but also to make more cryptocurrencies more popular, though starting out with a select few.

Speaking of growing popularity, the sky may be close to the limit. Coinbase CTO Balaji Srinivasan recently speculated that “60x growth” might be coming to cryptocurrencies’ userbase in the not-so-distant future.

Onward and upward accordingly, says Coinbase.

What’s your take? What other assets do you think stand a reasonable chance at a Coinbase listing? Let us know in the comments below.


Images via colourbox, ethereumclassic.org

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