Today, Coinbase‘s engineering team is beginning final testing of support for Ethereum Classic (ETC) on Coinbase. ETC is currently trading at $16.44 usd at the time of writing this post. Currently coinbase lists Bitcoin, Ethereum, Litecoin, and Bitcoin Cash, and Ethereum Classic will be coinbase’s official 5th listing this coming August 7th.
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” We are making this announcement consistent with our process for adding new assets.
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.
You can read more about Coinbase support for Ethereum Classic in our June 12 blog post.
What ETC support means for our products
Coinbase Custody — the Custody team is planning to add support for inbound transfers and withdrawals of ETC.
Coinbase Markets — the Markets team is planning to add trading support for ETC. We intend to allow 24–48 hours of transfers through Pro/Prime before opening the markets. In accordance with our Trading Rules, all ETC books will open in post-only for a minimum of 10 mins. Once sufficient liquidity is established, trading will then be enabled on Pro and Prime.
Coinbase Pro — the Pro team is planning to add trading support for ETC. 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 on their Pro account.
Coinbase Prime — the Prime team is planning to add trading support for ETC. 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.
Coinbase Consumer — per our previous guidance, Coinbase Consumer will list assets only after they are listed on Coinbase Pro and Prime. We plan to add support for ETC on Coinbase Consumer when sufficient liquidity is established. We expect this to occur approximately 1–2 weeks after trading begins on Pro and Prime. Ethereum was not supported on Coinbase Consumer until after the fork, therefore there are no corresponding Ethereum Classic credits for Coinbase Consumer customers.
Frequently Asked Questions
Q: Is the launch date final? Will it change?
The launch date provided above is our best estimate as to when we will be ready to accept inbound transfers of ETC. We will provide an update on that day to either confirm that we are accepting transfers, or to provide further updates.
Q: Will ETC be available in all geographies?
Yes, ETC will be available everywhere that Coinbase is available. However, please note the product availability details outlined above.