Adding Ethereum Classic Support to Coinbase

Frequently Asked Questions

Q: What is Ethereum Classic (ETC) and how does it differ from Ethereum (ETH)?

Ethereum Classic is a cryptocurrency that was the result of a hard fork of the Ethereum network in July 2016. You can read more about Ethereum Classic here. You can read more about what a cryptocurrency fork is here.

Q: When will trading be available?

Per our public process for adding new assets, we will now begin the engineering work (Step 4) for supporting Ethereum Classic. As part of this process, customers can expect to see public-facing APIs and other signs that the asset is being added. 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 (Step 5).

Q: How will you roll out trading support for a new asset?

When we reach the final testing of the technical integration, we will announce a date that customers on Pro and Prime can begin placing limit orders on the Ethereum Classic order book on Coinbase Markets. Once that resting market reaches sufficient liquidity, we will then enable trading.

Q: What geographies will you offer support for Ethereum Classic?

We plan to offer support for Ethereum Classic in all geographies where the asset is compliant with local law.

Q: How did you control for material nonpublic information when deciding to add support for Ethereum Classic?

We followed our public process for adding new assets to Coinbase. Also, any personnel at Coinbase who were aware of the company’s plans to add Ethereum Classic were subject to a trading blackout.

Q: What assets are you adding next?

We have previously announced our intention to support the ERC20 technical standard and Bitcoin forks. We will announce the intention to add specific assets within those categories prior to final engineering integration. This is consistent with our public process for adding new assets.

Q: I had Ethereum on GDAX at the time of the July 2016 hard fork and I did not withdraw my Ethereum Classic prior to January 2017. Will I receive an Ethereum Classic credit when trading launches?

Yes. Note that Ethereum was only supported on GDAX at the time of the July 2016 hard fork. Support for Ethereum on Coinbase’s consumer interface was added after the hard fork, so only exchange users that had Ethereum balances were subsequently eligible for Ethereum Classic withdrawals.

https://blog.coinbase.com/adding-ethereum-classic-support-to-coinbase-becb9a337e9c?source=rss—-c114225aeaf7—4

We will be happy to hear your thoughts

Leave a reply