Coinbase Wallet Adds Support for Ethereum Classic


0

Coinbase Wallet, provided by major U.S. crypto exchange Coinbase, has launched support for Ethereum Classic (ETC), according to an official company blog post Nov. 27.

Ethereum Classic is the result of a hard fork in 2016, arising out of differences into how to respond to the high-profile DAO hack of the Ethereum (ETH) blockchain.

Today’s blog post outlines that the Coinbase Wallet app should update over the “next few days,” after which users will be able to view, send and receive ETC to their addresses. Fo existing Coinbase Wallet users, their ETC address will be identical to their current ETH address.

In addition to ETC, Coinbase Wallet supports storage, sending and receiving of ETH and “100,000+ ERC20 tokens.”

As previously reported, Coinbase first announced it would be listing Ethereum Classic on its trading platform in June, leading to a sharp spike in the asset’s value. After the listing went live in early August, ETC was also incorporated into the Coinbase Index Fund.

Also in August, crypto exchange and wallet service Bittrex added a U.S. dollar-ETC trading pair, the same month as crypto trading app Robinhood announced its own support for the asset.

At press time, ETC is ranked 17th largest crypto by market cap, and is trading at $4.30, down almost 8 percent on the day, according to CoinMarketCap.


Like it? Share with your friends!

0

What's Your Reaction?

hate hate
0
hate
confused confused
0
confused
fail fail
0
fail
fun fun
0
fun
geeky geeky
0
geeky
love love
0
love
lol lol
0
lol
omg omg
0
omg
win win
0
win
COINTELEGRAPH

Choose A Format
Story
Formatted Text with Embeds and Visuals
Video
Youtube, Vimeo or Vine Embeds
List
The Classic Internet Listicles
Open List
Submit your own item and vote up for the best submission
Countdown
The Classic Internet Countdowns
Poll
Voting to make decisions or determine opinions
Ranked List
Upvote or downvote to decide the best list item
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Meme
Upload your own images to make custom memes
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF
Gif
GIF format