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coinbase announcement ethereum classic

Coinbase has announced the addition of Ethereum Classic to the lineup of tokens on its institutional platform, heralding the first new asset. Kraken, another exchange, followed suit with a similar announcement. Coinbase security engineer Mark Nesbitt wrote in a blog post that the. Coinbase has announced that it is in the final stages of testing support for ethereum classic (ETC) as it prepares to offer support for the. WIMBLEDON MENS FINAL BETTING TIPS

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Coinbase announcement ethereum classic forex daily price action strategy

Learn about our editorial policies Published June 12, Silicon Valley -based cryptocurrency platform Coinbase announced Monday plans to add a fifth digital asset to its trading service.

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The blog also added that the official launch date of full support for this altcoin will be announced through the proper social media channels in the upcoming months, specifically saying: 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.

As well, Coinbase also has plans to add Ethereum Classic into the other services it provides. One of these services being its custody service, which was announced in November last year. The index fund was launched earlier this year with retail and institutional investors in mind.

The release of this fund allowed for traditional investors to gain access to some of the top cryptocurrencies in an easy to access manner. If you take a few minutes to scour the respective cryptocurrency subreddits, it becomes apparent that there are many stories of Ethereum users not being able to access the vast amount of ETC they should have had. On the release of this announcement, volume surged for ETC, along with the price.

Coinbase Takes Precautions to Mitigate Manipulation Risks Coinbase is undoubtedly one of the largest exchanges in the world, with by far the most media presence. Coinbase Takes Precautions to Mitigate Manipulation Risks Coinbase is undoubtedly one of the largest exchanges in the world, with by far the most media presence. Last December, representatives from the exchange announced that they would be adding Bitcoin Cash to their services.

At the time, this seemed like an innocent announcement, but it was later revealed that this was far from the case. Prior to the official public announcement, Coinbase insiders bought Bitcoin Cash, causing a suspicious increase in volume and price. Many reports suggest that the Coinbase insiders sold at the top, which sparked an internal investigation. After this debacle, Coinbase executives thought it would be best to make important announcements to a majority of their employees and to the public simultaneously.

This move has greatly reduced the risk of price manipulation prior to the release of such a large announcement. It is clear to see that Coinbase has taken the proper precautions to make sure that announcements following December are as seamless as possible. Many have begun to speculate that this addition will be positive for the cryptocurrency space, with Coinbase often drawing open the eyes, and wallets, of many investors, part of the industry or not.

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