CoinBase is one of the most popular brands in the cryptocurrency sector. Society is involved in all things crypto. From trading to supplying portfolios, CoinBase is one of the most reliable players in the industry. This is why the cryptocurrencies associated with CoinBase are always considered as strong projects.
At the beginning of the year, CoinBase announced that it would have traded Ethereum Classic (ETC) on its exchange. Immediately after the announcement, the price of money has increased significantly. However, when the quotation finally took place, the bearish pressure in that market was too strong for the good news to cause a significant price increase. Following the listing, ETC has been incorporated into the CoinBase Index Fund.
Ethereum Classic (ETC) is listed on the CoinBase portfolio
Ethereum Classic has obtained another mark of approval from CoinBase. According to the announcement made on the official website of CoinBase, the provision of ETCs in the CoinBase Portfolio is now available. In the coming days, the CoinBase app will update itself and users will be able to send and receive ETCs through it. Existing users will not need to have a separate address. They can use what they already have to make ETC transactions.
In addition to ETCs, CoinBase Wallet offers sending, archiving and receiving options for Ethereum and many ERC20 tokens.
Ethereum Classic seems to receive many stamps of approval from large companies in the industry. In August, Bittrex activated the USD-ETC trading pair on its market. This was the same time that Robinhood announced that it now supports ETC.
Ethereum Classic ETC Gets the double increment of the figure
Meanwhile, the announcement seems to have given Ethereum Classic a very necessary impulse of value. Against the USD, the ETC has suffered a drastic drop in the last few months. This is not a surprise since even Bitcoin, Ethereum and virtually all cryptocurrencies have suffered.
Today, however, all the major cryptocurrencies are traded in green against the dollar. While some are registering single-digit earnings, others like Ethereum Classic record double-digit earnings. At the time of writing, the seventeenth largest cryptocurrency by market capitalization was trading at $ 4.73. This shows that it is up 11.21% against the dollar. Against Bitcoin, it rose by 2.44%. The 24-hour trading volume is $ 177,181,877 and the market capitalization is $ 507,208,868.
If Ethereum Classic is able to break the resistance at $ 5.00, it could pave the way for further gains over $ 6.00. However, the market is currently fragile, so it is difficult to predict what the next trading days will be. It would not be surprising if all cryptocurrencies suddenly returned to trade in red after 24 hours.