Ethereum Classic (ETC) Price Soars Following Coinbase Listing
Coinbase has added a new buying option for its customers after the crypto exchange introduced Ethereum Classic to its collection.
Ethereum Classic surged tremendously yesterday on the announcement that it was now available for buying and selling on Coinbase Consumer (Coinbase.com) as well as the mobile app.
— Coinbase (@coinbase) August 17, 2018
This listing has been a big step not only for Ethereum Classic but also for Coinbase itself. As CoinMarketCap reports, Ethereum Classic is now being traded around $13.28 and has a market capitalization of $1.38 billion dollars.
Coinbase originally announced that it would be adding Ethereum Classic to its platform in early June. At the time, no official date was given for the addition of ETC to Coinbase–the announcement simply said that the cryptocurrency would be added in “the coming months.”
However, the bear pressure that has been in the market the last couple of weeks had Ethereum Classic trim gains. ETC/USD declined to test the primary support at $10.00 while its market capitalization shrunk and Tron (TRX) came back to the 11th position on CoinMarketCap.
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