More

    Coinbase PRO Makes it Official, Ethereum Classic (ETC) Transfers are LIVE

    Coinbase Pro Launches Ethereum Classic (ETC) Support

    Coinbase Pro, the exchange formerly known as GDAX, just announced the launch of Ethereum Classic (ETC) on the platform.

    As of August 7, 2018, Coinbase Pro is accepting transfers of Ethereum Classic. ETC trading will begin within the next few days.

    The announcement isn’t a surprise: Coinbase Pro announced final testing for ETC last Friday with the goal of accepting ETC transfers by Tuesday. The exchange achieved that goal after testing went according to plan.

    The next step is to launch ETC support on Coinbase exchanges first, then launch ETC support at Coinbase.com.

    Coinbase will roll out ETC support through four stages, including transfer-only (the stage that launched today), followed by post-only, limit-only, and full-trading support.

    Coinbase hasn’t set a date for the launch of ETC trading. Today, they’re encouraging users to deposit ETC into the platform. Then, once liquidity is established, ETC trading will begin.

    “We plan to add support for ETC at Coinbase.com when sufficient liquidity is established,” explained San Francisco-based Coinbase in its announcement. “We expect this to occur approximately 1–2 weeks after trading begins on Coinbase Pro.”

    Coinbase Pro is one of two new exchanges launched from GDAX. Coinbase recently split its GDAX exchange into Coinbase Pro and Coinbase Prime. Pro is the exchange for individual traders, while Prime is dedicated to serving institutions. If you traded on GDAX previously, then you’re a Coinbase Pro user. Institutions who traded on GDAX, meanwhile, have been contacted by the Coinbase Prime team.

    ETC transfers officially began at 10am PT on Tuesday, August 7. You can deposit ETC into Coinbase Pro but you cannot place orders and no orders will be filled on those order books. Order books will be in transfer-only mode for the next 24 to 48 hours.

    The next step is to launch the post-only stage, which is when customers can post limit orders but with no matches (completed orders). Order books will be in post-only mode for a minimum of 10 minutes.

    Then, there will be limit-only mode. In this third stage, limit orders will start matching but customers are unable to submit market orders. Order books will be in limit-only mode for a minimum of 10 minutes.

    Finally, Coinbase will launch ETC with full trading support. On this final stage, full trading services will be available, including limit, market, and stop orders.

    “One of the most common requests we receive from customers is to be able to trade more assets on our platform. Ethereum Classic is just a first step in that direction.”

    Coinbase also hinted that similar launches will likely take place in the near future:

    “We announced last month that we are exploring a number of other assets to add to the platform, and customers should expect to see similar announcements when we are exploring new assets to add to the platform.”

    Coinbase has been rumored to be exploring the launch of Stellar on its platform, for example, among other cryptocurrencies.

    Ethereum Classic is up 4.69% over the last 24 hours, making it the 11th largest cryptocurrency by market cap. In addition to being listed on Coinbase, ETC was just listed on Robinhood, making it a great news day overall for ETC supporters and investors.

    You can see the full announcement on their blog here.

    Get Free Email Updates!

    *Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

    I will never give away, trade or sell your email address. You can unsubscribe at any time.

    Avatar
    Bitcoin Exchange Guide News Team
    B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    3,261FansLike
    2,727FollowersFollow
    4,098FollowersFollow

    Live Bitcoin Price & Latest BTC Chart News

    Today's Latest Crypto News

    Celsius to Implement Compounding Interest on Cryptocurrencies Deposited in Its Wallet

    Borrowing and crypto lending platform Celsius's Founder, Alex Mashinsky announced, that starting February 1st, they will begin applying compound interest for their customer's wallets. https://twitter.com/CelsiusNetwork/status/1220013310168293377 The...

    BlockFi To Cut Rates For ‘Tier 1' BTC And ETH Lenders While Boosting ‘Tier 2' Starting Feb 1

    BlockFi announced changes in its Bitcoin (BTC) and Ethereum (ETH) lending yields starting Feb. 1. Changes follow the increasing price and interest in...

    MENA’s Unbanked to Drive Crypto Adoption While China’s 5G SIM Cards to Enable Digital Payments

    In MENA region, two-thirds of people unbanked but over half of the countries have 70% mobile subscriber penetration rate China Telecom working on...

    Are Mining Death Spiral Believers Holding Bitcoin's Price From Jumping?

    Bitcoin hash rate down at 118 Th/s from ATH of 126 Th/s hit on the day BTC price jumped to $9,000 A risk...

    Japanese Lawmakers Are Open to Issuing A Digital Yen To Compete With Libra, Digital Yuan

    A group of Japanese lawmakers from the ruling party came forward with the proposal of Japan issuing its own digital currency. It seems China’s determination...

    Bitcoin’s Privacy Update Schnorr/Taproot Reaches a New Milestone

    One of Bitcoin’s biggest upgrades that will improve the privacy of the network has been published on the GitHub as BIP 340, 341,...

    BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.