Coinbase added a new purchase option for its customers after the cryptographic exchange introduced Ethereum Classic to its collection.
The addition was announced for the first time in July, but Coinbase took the time to implement its latest addition following criticism of how Bitcoin Cash added last year. Insider trading allegations have led the company to investigate the incident that saw service disruptions and wild price fluctuations for Bitcoin Cash immediately after the addition to the exchange. He later introduced a framework for adding new tokens.
However, the value of Ethereum Classic has increased by 20% compared to last month's news. Today, however, it has fallen by two percent in the last 24 hours, according to Coinmarketcap.com.
Coinbase has taken a conservative approach to adding more crypts. The addition of today leads to five tokens – Bitcoin, Ethereum, Litecoin and Bitcoin Cash are the others – but chances are that you will change this year. Last month he announced he was "exploring" the addition of five other tokens while CTO Balaji Srinivasan suggested that the selection would grow further when I interviewed the recent TechCrunch blockchain in Zug.
"We hear your requests, and are working hard to make more resources available to more customers around the world," said Dan Romero, head of consumer business at Coinbase, in a post published today.
A note on Ethereum Classic – was created in June 2016 following an important hack on The DAO, a vehicle for raising funds for the project. In short: the Ethereum Foundation has created a new version of Ethereum – now known as Ethereum – which saved the lost funds, while those who opposed continued with the original chain that was known as Ethereum Classic.
Note: The author owns a small amount of cryptocurrency. Enough to get an understanding, not enough to change a life.