The cryptocurrency market has been facing difficulties over the past 72 hours with the coin prices crashing after a week of bullish rise. Within the tumultuous state, Coinbase gave a date for its plans to list coins stating that it is finally ready to add Ethereum Classic to its list of tradable coins. You’ll recall that Coinbase first made its intentions known in mid-june when it announced that it is working on the integration of Ethereum Classic. Coinbase, however, did not give any specific date for the listing or timeline on the integration of Ethereum Classic.
Coinbase Finally Sets Date For Listing Ethereum Classic
Recently, the cryptocurrency exchange platform made an announcement that proved that its engineering team is doing its best to complete the integration of Ethereum Classic (ETC). On its Twitter handle, Coinbase updated the cryptocurrency community on the situation. The tweet was as follows:
“We are going to allow 24 to 48 hours of inbound transfers before we enable Ethereum Classic On Coinbase Prime and Pro.”
Ethereum Classic (ETC) Price Today – ETC / USD
The tweet was attached to a blog post in which the cryptocurrency exchange revealed that the final testing should be completed by August 7th. After the testing, Coinbase will start allowing inbound deposits of Ethereum Classic (ETC) on Coinbase Prime and Coinbase Pro. Keep in mind that trading will not be enabled as soon as the cryptocurrency is listed. Users should be able to trade after 24 to 48 hours.
Although Coinbase is confident about the date, it also noted that the date is subject to change. The date should be considered as an estimate and not a finality. If the date should change, Coinbase will post an announcement to that regard. The company also noted that its Consumer exchange will not be supporting Ethereum Classic immediately after August 7th.
Main while, Ethereum Classic has been outperforming the market over the past 24 hours. The cryptocurrency has has a 25% increase in volume and the price action is positive. This is rather encouraging since the price action of most of the cryptocurrency market is negative.