We are pleased to announce our intention to add support for Ethereum Classic (ETC) on Coinbase in the coming months.https://t.co/bUG4iLUr2J
— Coinbase (@coinbase) June 12, 2018
In the announcement, Coinbase details the process for adding a new altcoin to its trading platform, suggesting that the technical integration of Ethereum Classic could take several months.
As part of this process, customers can expect to see public-facing APIs and other signs that the asset is being added. When we reach the final testing phase of the technical integration, which we expect to occur over the next few months, we will publicly announce a launch date for trading via our blog and Twitter.
Ethereum Classic will be available across Coinbase’s many platforms, including Coinbase Custody, Coinbase Markets, Coinbase Pro, Coinbase Prime, Coinbase Asset Management, and of course, Coinbase’s retail trading platform.
Coinbase has previously indicated its intentions to build upon the current list of tradeable coins, which includes Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Bitcoin Cash (BCH), but had not given any further clarification to listing targets. In May, Coinbase acquired Paradex, a crypto trading platform that leverages ERC-20 relay tokens to enable more expansive trading options in a decentralized fashion, weeks after it announced it planned to support ERC-20 tokens for trading.
It has been a busy past few weeks for the Coinbase team, which days ago just unveiled plans to pursue banking and brokerage licenses to become a fully regulated financial institution. Coinbase also recently detailed its expansion into the Japanese markets with some key additions to its leadership.
Coinbase emphasizes in their latest announcement that customers who previously had an Ethereum Classic balance on its platform as a result of the 2016 Ethereum hard fork and did not elect to withdraw their funds prior to January 2017 will receive a corresponding Ethereum Classic credit.
There is no definitive timeline to the final roll-out but investors can expect more information in the coming months.