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HomeNewsCoinbase to accept Ethereum Classic (ETC) deposits from August 7

Coinbase to accept Ethereum Classic (ETC) deposits from August 7

 

Coinbase, the cryptocurrency exchange and wallet service provider has announced that they are almost ready to offer support for Ethereum Classic (ETC) is almost ready to offer support for th coin on its different platforms. A statement published on its official blog and on its official Twitter account on Friday has soared the excitement level throughout the industry.

The Blog mentions that they are making this announcement in sync with their process for adding new assets. The engineering team has begun the final testing and it is expected to be completed by 7th August.

“We expect final testing to be completed by Tuesday, August 7, at which point we will announce that we’re ready to accept inbound transfers of ETC. We intend to allow 24–48 hours of inbound transfers through Coinbase Pro and Coinbase Prime before enabling trading.”

Coinbase Custody—  support for inbound transfers and withdrawals of ETC will be added.

Coinbase Pro and Coinbase Prime the Pro and Prime will have respective trade support for ETC.

Coinbase Consumer The support for ETC will only be added on Coinbase Consumer when sufficient liquidity will be established.The assets will list only after they are listed on Coinbase Pro and Prime, which should take approximately 1–2 weeks after the commencement of  trading on Pro and Prime.

Read more: Coinbase Users Can Convert Cryptos to e-Gifts, Cryptos Get a Boost

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