US-based crypto exchange – Coinbase – announces support of Ethereum Classic. The company successfully completed the final tests and started accepting deposits yesterday.
The company representative said that all the works are done in line with the schedule, so users can make deposits on Coinbase Pro (former GDAX). At the same time, buying service for ETC on the website will be added later once the main platform generates enough liquidity, which will probably be achieved in a week or two from the trading launch.
According to the Coinbase statement:
“Our launch will proceed in four stages: transfer-only, post-only, limit-only, and full-trading mode.”
Notably, the above stages will be realized for each of the trading pairs ETC-USD, ETC-BTC, ETC-EUR. In case of insufficient results, any of new order books can remain at one stage longer with an even possible suspension of trading.
The company stated that this would be the first step in the asset list expansion. In addition, Coinbase also intends to raise the daily limits to $25,000, which will be available for the users which passed verification on the platform.