Coinbase Wallet Adds Support for Ethereum Classic
Coinbase Wallet, provided by major U.S. crypto exchange Coinbase, has launched support for Ethereum Classic (ETC), according to an official company blog post Nov. 27.
Ethereum Classic is the result of a hard fork in 2016, arising out of differences into how to respond to the high-profile DAO hack of the Ethereum (ETH) blockchain.
Today’s blog post outlines that the Coinbase Wallet app should update over the “next few days,” after which users will be able to view, send and receive ETC to their addresses. Fo existing Coinbase Wallet users, their ETC address will be identical to their current ETH address.
In addition to ETC, Coinbase Wallet supports storage, sending and receiving of ETH and “100,000+ ERC20 tokens.”
As previously reported, Coinbase first announced it would be listing Ethereum Classic on its trading platform in June, leading to a sharp spike in the asset’s value. After the listing went live in early August, ETC was also incorporated into the Coinbase Index Fund.
Also in August, crypto exchange and wallet service Bittrex added a U.S. dollar-ETC trading pair, the same month as crypto trading app Robinhood announced its own support for the asset.
At press time, ETC is ranked 17th largest crypto by market cap, and is trading at $4.30, down almost 8 percent on the day, according to CoinMarketCap.