Coinbase announces dates for Ethereum Classic transfers and explores even more assets

  • August 3, 2018
  • 11:08 pm ET

Image via Coinbase

Today Coinbase announced a target date for accepting inbound transfers of Ethereum Classic and also announced they are exploring new assets which they may list on Coinbase Custody.

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On August 3rd Coinbase engineers began final testing for Ethereum Classic (ETC) support and announced they will be ready to accept inbound transfers of ETC on August 7, 2018.

Before ETC can trade on Coinbase Consumer, the ETC order books will open in “post-only” mode to establish sufficient liquidity. Trading will then be enabled on Coinbase Pro and Coinbase Prime, and the Coinbase Index Fund will rebalance to include ETC. Within two weeks the token should be offered to all users on the consumer platform.

After the announcement made via Twitter, Ethereum Classic’s price rose over 16% in a matter of minutes:

Img via TradingView

In addition to Ethereum Classic support, Coinbase Custody also announced they are exploring a range of new assets today.

Coinbase Custody is a service offered only to institutional clients which is optimized for safely storing large amounts of cryptocurrency. The following assets are being considered for storage only and not for trading at this time:

Img via Coinbase

Coinbase has made it clear that “asset additions to Coinbase Custody have no bearing on whether they will be added to other Coinbase products,” but it’s still hard not to get excited seeing so many ERC20 and native tokens.

You can read more about Coinbase’s process for adding new assets here.

Via Coinbase • h/t Coinbase

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