Having Ethereum Classic (ETC) announced for the listing on Coinbase was perhaps one of the most comprehensive news for ETC in the current year since mid-June, when news on the listing originally came out.
The importance of listing was immediately reflected by the sudden increase in the ETC value on the market, with the currency jumping from $ 11 to $ 16 in a quick run.
However, while many enthusiasts of encryption believe that Coinbase pushed Ethereum Classico against the law with the announcement, it is perhaps the case that one of the most popular and largest exchange markets has indicated only the success of the crypt more great at the moment.
Ethereum Classic: How Coinbase has seen a potential in Ethereum's Fork
Being listed on Coinbase is probably what every CEO and development team wants for their digital assets. Coinbase compensates one of the largest trading markets and is widely known for its authority in the cryptographic community.
Since Coinbase has a strict policy of accepting coins in its list of live trading currencies, it is not possible to accept any digital resources on the platform, which also provides this exchange with greater integrity and importance to the crypto community.
Although it is generally considered that Coinbase has pushed for the adoption of Ethereum Classic (ETC), in addition to putting it on the market running with the announcement of the listing published in mid-June, it may indeed be the case that Coinbase was actually able to recognize the potential that ETC has, in this way indicating the increase of the resource.
The Coinbase exchange has a rather rigid quotation policy, where the exchange is not only considering the popularity of a certain asset or the price and market capitalization, but it is also taking into consideration the cases of use. and the potential for adoption that a cryptocurrency should have to be listed on Coinbase.
This means that Coinbase has actually indicated the rise of Ethereum Classic, being aware of its potential after a careful review. The exchange always exposes the candidates of the new list to a series of tests that must have a positive outcome so that the quotation is officially confirmed, therefore having a currency listed on Coinbase constitutes alone a form of success in the way.
It also appears that the announcement of Coinbase regarding the ETC listing has also encouraged the development team behind the ETH hard fork while Ethereum Classic has focused its potential on the Internet of Things, entering so in the IoT race.
After the listing, the community was able to see the changes in the roadmap that included the announcement made by the ETC development team that will build a side chain to set up the network for use cases. IoT, which should give a more concrete purpose for good in the following months.
In addition, Ethereum Classic is encouraging the community to join the Ethereum Classic Labs, the blockchain incubator launched prior to the inclusion of Coinbase, which will foster the creation of Dapp with Ethereum Classic.
Ethereum Classic (ETC) sees more interest from financial firms
While the ETC team does not see the annual summit in Seoul, South Korea, where they will discuss the IoT and the Dapp development plans in detail, it seems that ETC has started to draw interest from financial companies.
On August 28 Kingdom Trust stated that they are releasing Lloyds of London's insurance for digital assets, making Ethereum Classic (ETC) one of the resources on the list along with Ethereum and Bitcoin, while Canadian financial company, Balance, announced on August 30 that will provide high security custody for Ethereum Classic along with 7 other digital assets.
Thanks to the increased interest in ETC, the crypt proved to be one of the most profitable coins of the previous week, leading the market in a rebound attempt while we can see it climbing on S 10 September th of over 2% over 24 hours.
Meanwhile, Ethereum Classic is pushing ETC adoption, confirming the trust of the Coinbase exchange by showing the potential in several areas, one of them being the development of Dapp.
In one of their latest announcements on Twitter, ETC representatives said they are providing 100,000 to 500,000 funds with ETC Labs to accelerate various blockchain projects, while also providing office space in San Francisco, tutoring, lead industry, a professional network and the invaluable exposure of investors.
Ethereum Classic is clearly showing that ETC is more than a "simple" pump and dump fork as indicated by Coinbase months back