Ethereum Classic Spikes 25% on Coinbase Listing News

Ethereum Classic 's 25% flash surge following Binance and Coinbase announcements

Per the process of adding new coins to the exchange, the Coinbase team will now begin the engineering work required for supporting Ethereum Classic. When we reach the final testing phase of the technical integration, which we expect to occur over the next few months, we will publicly announce a launch date for trading via our blog and Twitter (Sep 5)'. Ethereum Classic is the cryptocurrency that was the result of a hard fork of the Ethereum network in July 2016.

While the Ethereum blockchain rolled back the mistake and attempted to rectify the damage done, Ethereum Classic proponents argued that to preserve the immutability of the blockchain, the stolen funds must be left alone.

The announcement, which came in a Coinbase blog post, saw the price of Ethereum Classic spike from around $13 to over $16 in the hour after the news was announced.

Coinbase announced on Monday that ethereum classic would become the fifth cryptoasset to be listed on the firm's platforms, joining bitcoin, ethereum, bitcoin cash, and litecoin.

Denver Nuggets: Three trades to bring Kyrie Irving to Denver
To add fuel to the fire, Irving was absent from the Celtics' sideline for much of the playoffs, including the eastern finals. I don't see an option for him that is ideal , but I don't see an option that doesn't have a significant compromise for him.

Also notably, the decision to add ethereum classic arrives after some in the industry had questioned Coinbase's asset selection process to be "random, if not altogether dubious". Only after the cryptocurrency has established itself on those platforms will "regular" Coinbase users be able to trade it. Additionally, Coinbase has credited everyone who had Ethereum balance during the hard fork in 2016 and did not withdraw. It's also worth repeating that Coinbase Markets, Coinbase Pro and Coinbase Prime will likely have more assets listed on the platform than the Coinbase platform, i.e. listing on Coinbase Markets does not guarantee listing on Coinbase.

The suite of Coinbase which will first list ETC are those aimed towards institutional investors and serious traders. It is now Ethereum Classic's turn but without any Main Net reasoning.

Coinbase will list assets only after they are listed on Coinbase Pro and Prime. Data from CoinMarketCap shows that the price of Ethereum classic starting moving north immediately after the announcement.

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