In less than four months after its Exchange listing, the users of Coinbase Wallet will now be able to send as well as receive Ethereum Classic.
Coinbase supports Ethereum Classic and Other ERC20 Tokens
Cryptocurrency exchange giant Coinbase announces through an official channel that it is now supporting Ehereum Classic and other ERC20 Tokens available in the Ethereum Blockchain. The news is coming in less than four months after the cryptocurrency exchange listed the altcoins on its trading platform.
Coinbase, however, urged the users of its wallet to wait for a couple of days, before they can conduct any form of transactions.
The statement from the exchange giant read:
“Your wallet app should update in the next few days, after which you can view, send, and receive ETC on your wallet.”
The decision of the exchange giant to include Ethereum Classic on its trading platform is geared towards satisfying the yearnings of its teeming customers, who are requesting for the listing of more assets on the platform. Since the listing of Ethereum Classic, Coinbase has added quite some other cryptocurrencies on its trading platform, including Basic Attention Token (BAT).
A Decentralized Platform
Ethereum Classic is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference.
Ethereum Classic is a continuation of the original Ethereum blockchain- the classic version preserving untampered history; free from external interference and subjective tampering of transactions.
Coinbase is arguably the biggest digital currency exchange in the world. The exchange giant broker exchanges of Bitcoin, Bitcoin cash, Ethereum, Ethereum Classic and Litecoin with fiat currencies in around 32 countries, and bitcoin transactions and storage in 190 countries worldwide.
The listing of Ethereum Classic and other tokens on its platform makes coinbase wallet one of the biggest and largest in the crypto market. Users now have more options to choose from and trade in whichever one appeals to them the most.
As more and more organizations and firms openly embrace the digital currencies, Coinbase and other exchanges are thus eager to add more cryptocurrencies on their platform, so they won’t deny their users the right to trade and transact in any crypto of their choosing.