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Robinhood announced on Monday that its customers can now invest in ethereum classic (ETC), just a day before Coinbase adds the option.
The company stated in a blog post that the option was posted live on its Robinhood Crypto app, adding that only those in the US 19 with access to the service can exchange ETCs at this time.
Users can also exchange bitcoins, ethereum, bitcoin money, litecoin and dogecoin ", as well as tracing market data for 10 other cryptocurrencies," says the post.
As mentioned, Coinbase cryptographic exchange should also launch support for ETC tomorrow.
The company announced last week that it had started the "final test" for cryptocurrency and would start accepting ETC transfers on 7 August. However, the new option will initially be open to users of Coinbase Pro and Coinbase Prime and no customer will be able to trade ETC immediately.
"We intend to allow 24-48 hours of transfers via Pro / Prime before opening the markets In accordance with our Trading Rules, all ETC books will be opened in post-only for a minimum of 10 minutes. sufficient, the trading will be activated on Pro and Prime ", explained the company.
The Coinbase customer service will add the resource "only after they have been listed on Coinbase Pro and Prime," added the post, continuing:
"We intend to add ETC support to Coinbase Consumer when sufficient liquidity is established, and we expect it to occur approximately 1-2 weeks after the start of trading on Pro and Prime."
In addition, while customers of Coinbase Prime and Coinbase Pro holding ethereum before the 2016 budget will receive credit for classic ethereum, retail customers will not, since ethereum has not been supported until after the fork.
Coinbase announced that it has added ethereum classic in June, stating that the selection was consistent with its Digital Asset Framework. At the moment, the listing announcement pushed the token price by 25% in 30 minutes to just over $ 16.
At press time, the token was trading at $ 17.72, according to the CoinDesk Market Center.
Image of the trading chart via Shutterstock
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