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Coinbase and Binance will add support for Ethereum Classic: ETC market price experiences 25% surge

Two major cryptocurrency exchanges, namely, Coinbase and Binance announced they will start supporting Ethereum Classic (ETC) coins in the coming months. The announcement was posted on Medium. ETC market price has jumped by 25% in a matter of hours after the posts were published.

“We are pleased to announce our intention to add support for Ethereum Classic (ETC) to Coinbase in the coming months. We are announcing this both internally and to the public consistent with our process for adding new assets,” – Coinbase team wrote in its Medium account.

Coinbase has already commenced the fulfillment of its promises.

“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.”

After the completion of official procedure for token listing, a bunch of new services will become available to the users. These will include Coinbase Custody (ETC deposits and withdrawals administering system) and trading support for Ethereum Classic on Coinbase Pro and Coinbase Prime trading platforms.

At the same time, Binance, which has recently moved its headquarters from Hong Kong to Malta, came up with much similar announcement on its official website:

“Fellow Binancians,
Binance will open trading for ETC/BNB and ETC/USDT trading pairs at 2018/06/12 2:30 AM (UTC)”.

The announcements triggered a considerable ETC market price surge: the coin had touched $16 mark, before stabilizing at $15 level after the correction.

As reported earlier, the developers of Ethereum Classic reported on the successful network upgrade took place at block 5 900 000. The upgrade allowed for removal of the so-called “difficulty bomb”. No ill effects, errors or bugs were revealed immediately after the fork.