Breaking News

Join Freedium's community reward and claim for free 500 FDM tokens. You can join the airdrop here

Coinbase is currently beginning final testing of Ethereum Classic
Editorial Team

Coinbase announced earlier this week that it is in the final stage of testing the launch of Ethereum Classic (ETC).

Coinbase’s plans for giving support to Ethereum Classic were known since June. Now, the leading cryptocurrency exchange has informed the public about a provisional date for the completion of the final testing before the official listing of the new asset, as the publication of coininsider.com reported.

The announcement reads:

“We expect final testing to be completed by Tuesday, August 7, at which point we will announce that we’re ready to accept inbound transfers of ETC. We intend to allow 24–48 hours of inbound transfers through Coinbase Pro and Coinbase Prime before enabling trading.”

The exchange also mentioned the impact of that move on the different features within the platform’s services namely Coinbase Custody, Coinbase Markets, Coinbase Pro, Coinbase Prime, Coinbase Asset Management and Coinbase Consumer.

According to the platform, Coinbase Custody, Coinbase Prime and Coinbase Pro are “planning to add support for inbound transfers and withdrawals of ETC“, Coinbase Markets also intend to add support to transfers and withdraws with the intention “to allow 24–48 hours of transfers through Pro/Prime before opening the markets”.

Coinbase Asset Management will be adding any asset listed on Coinbase Markets to the Coinbase Index and the “Coinbase Index Fund will rebalance to include ETC.”

Finally, the Coinbase Consumer service will “list assets only after they are listed on Coinbase Pro and Prime” and the platform “plan to add support for ETC on Coinbase Consumer when sufficient liquidity is established [and] expect this to occur approximately 1–2 weeks after trading begins on Pro and Prime”.

TAGS: