Coinbase starts accepting deposits with Ethereum Classic
Last Friday, the American cryptocurrency exchange Coinbase announced that it is completing the final stages of testing support for the Ethereum Classic cryptocurrency, with the expectation to begin accepting deposits this Tuesday..
The company says that all the necessary work went according to plan and is now ready to start accepting deposits on its Coinbase Pro (formerly GDAX) exchange. ETC will be added to Coinbase.com’s fast cryptocurrency buying service at a later date when sufficient liquidity has accumulated on the main trading platform. This is expected to happen within 1-2 weeks from the start of trading..
Trading will be launched in 4 stages separately for each of the trading pairs (ETC – USD, ETC – BTC and ETC – EUR). If at a certain stage the company is not satisfied with the results, it can extend the process for any trading pair, regardless of the others..
At the first stage, clients can only make deposits; it has already started and will last 24-48 hours. Clients will then be allowed to place limit orders, but they will not be settled. This position will persist for at least 10 minutes. After that, the limit orders will be compared for at least another 10 minutes. Finally, in the fourth stage, traders will be able to carry out full-fledged trades with Ethereum Classic, including placing limit, market and stop orders..
The Robinhood trading service also announced the addition of Ethereum Classic support this week. Amid this news, ETC is up more than $ 5 after the original Coinbase announcement, making it number 11 on the list of the largest cryptocurrencies..
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