We will keep our eyes on the prices and see how this news affects the price of the Cryptocurrency in the coming days.
Coinbase has unexpectedly announced on its home blog and through twitter that it will be integrating Ethereum Classic over the next few months to be listed sometime in September causing the price of ETC to gain dramatically.
It seems that coinbase may have made this early announcement of their intention to list ETC in the coming months to avoid any kind of speculation of inside trading which marred their integration of Bitcoin Cash last December when it's price hit a high of $8,500 on Coinbase and its GDAX service compared to its trading price of $3,500 on other exchanges. "We are announcing this both internally and to the public consistent with our process for adding new assets".
Engineering work for supporting the cryptocurrency will now begin, Coinbase said in a blog post. Note that customers who previously had an Ethereum Classic balance on the platform as a result of the 2016 Ethereum hard fork and did not elect to withdraw their funds prior to January 2017 will receive a corresponding Ethereum Classic credit.
ETC traces its origins back to 2016 and the collapse of the DAO, the ethereum-based, smart contract-powered funding vehicle that fell apart following a debilitating code exploit.
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Ethereum Classic will first be listed on Coinbase Markets, Coinbase Pro, and Prime, after which Coinbase may add support.
"LOL at people that don't trust Facebook with their data but trust @coinbase". A day ago, Binance listed TRX/USDT pair as support to Tron's Main Net migration. Coinbase Index Fund will rebalance to include Ethereum Classic.
"#Binance Adds #ETC/BNB and $ETC/USDT Trading Pairs."
Coinbase Pro - the Pro team is planning to add trading support for Ethereum Classic. Ethereum Classic is the original Ethereum, as ETH forked off of the Ethereum chain in June 2016 after the DAO hack. Ethereum Classic which is the 18th largest cryptocurrency in the world gained about 25% within the last 24 hours. It is now the only currency with a double-digit gain in the top 50 or nearly the entire market.