On Monday, cryptocurrency exchange Coinbase announced that it is adding support for Ethereum Classic in the Coinbase Wallet. With this addition, Coinbase Wallet now supports Ethereum (ETH), Ethereum Classic (ETC), as well as over 100,000 more ERC20 tokens developed on the Ethereum blockchain.
According to Coinbase employees, the wallet application will be updated soon. After the update, users will be able to view their ETC balances, as well as send and receive cryptocurrency.
As part of our mission to create the easiest to use and most secure cryptocurrency wallet, we plan to add even more blockchains in the future.
Already registered Coinbase Wallet users will have an ETC address exactly the same as their ETH address. Therefore, if they received ETC in a Coinbase wallet before the update, the funds will be fully visible in the app after the update.
The Coinbase wallet has also undergone a redesign. Users will now be able to check their portfolio balances in their local fiat currency. ERC20 tokens will be added automatically in the future, eliminating the need to manually add each new coin.
After a long time of waiting and speculation, Ethereum Classic will finally be listed on August Coinbase It first appeared on the Coinbase Pro trading platform. We remind you that this Coinbase platform was split in two, forming Coinbase Pro for individual and retail users, as well as Coinbase Prime for institutional clients.
The cryptocurrency, however, could not protect itself from the consequences of the bearish trend in the market - price Ethereum Classic has been steadily declining since listing. The coin is currently trading at $4.26, and its market capitalization is $452 million.
According to https://blokt.com
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