In a recent tweet, Coinbase, one of the top ten exchanges by adjusted trade volume, announced that Ethereum Classic (ETC) would be available for trading on the exchange Thursday, 5 pm PT onwards. The exchange said that its users would be able to “buy, sell, store and use” ETC on the website as well as the mobile app.
Ethereum Classic that emerged after DAO dealt with security vulnerabilities in 2016 has been experiencing price fluctuations in the past few months given the rumours about its listing on Coinbase. After the official announcement on Twitter, ETC is trading at $14.03, a 16.71% rise since yesterday, as per data on Coinmarketcap at press time.
Price of the digital token has been experiencing wild fluctuations. The current surge paved way for a rise in the value of a virtual currency when a prominent exchange lists it. Earlier this month, the price of ETC boosted after it got listed on Robinhood. A similar buying hysteria accompanied Coinbase announcement previously this year to list the currency “soon.”
With the listing of ETC, Coinbase also said that “ETC will be available to customers in every country where Coinbase Consumer is available. We’re thrilled to offer ETC to all of our customers and will continue working to add more assets to Coinbase.”
While the rise in ETC value follows the common industry trend, this digital token has experienced a rather significant increase ahead of the listing. The announcement comes as a sigh of relief to several crypto investors who have frequently resorted to Reddit for supporting the listing of Ethereum Classic on Coinbase.