Robinhood adds Ethereum Classic to the Crypto Trading app



Robinhood announced on Monday that its customers can now invest in ethereum classic (ETC), just a day before Coinbase also added the option.

The company stated in a blog post that the option aired today on its Robinhood Crypto app, adding that only those of the 19 US states that have access to the service can exchange ETCs at this time.

Users can also exchange bitcoins, ethereum, bitcoin liquidity, litecoin and dogecoin ", as well as tracing market data for 10 other cryptocurrencies," the statement states.

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 immediately exchange ETCs.

"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-sale Only once a liquidity has been established enough, the negotiation will be enabled on Pro and Prime ", the company explained.

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 on Coinbase Consumer when sufficient liquidity is established We expect this to occur approximately 1-2 weeks after the start of trading on Pro and Prime. "

In addition, while Coinbase Prim ee Coinbase Pro customers who held ethereum before the 2016 budget will receive a credit for ethereum classic, retail customers will not, since ethereum was not supported until after the fork, the exchange said.

Coinbase announced that it was adding classic ethereum in June, saying the selection was consistent with its Digital Asset Framework. At that time, the listing announcement pushed the token price by 25% in 30 minutes to just over $ 16.

At the time of printing, the token was trading at $ 17.72, according to the CoinDesk Market Center.

Image of the trading chart through Shutterstock


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