Cryptocurrency News: Coinbase to Now Support Ethereum Classic Transactions

Digital currency exchange Coinbase today announced that Coinbase Consumer will henceforth support Ethereum Classic on Coinbase.com and its mobile app. Coinbase says that they took this decision based on customer feedback requesting them to allow more trading of assets on Coinbase.

Last month Coinbase had added the following assets: Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM), Zcash (ZEC) and 0x (ZRX). At that point the process of adding Ethereum Classic to Coinbase was ongoing, and there was no consensus on the fact of Ethereum Classic being listed for trading.

However, from now on, customers can log in to buy, sell, send, receive, or store Ethereum Classic in every country where Coinbase is operates, says a blog post by Dan Romero, Vice President and GM of Coinbase Consumer. Whereas Bitcoin, Bitcoin Cash, Ethereum and Litecoin are already being transacted on Coinbase.

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For the less informed, Coinbase is a digital currency exchange headquartered in San Francisco, California, that brokers exchanges of the above mentioned cryptocurrency with fiat currencies in around 32 countries, and bitcoin transactions and storage in 190 countries worldwide. Coinbase was founded in June 2012 by Brian Armstrong and Fred Ehrsam.

The company added around one million users in 2014. It also acquired the blockchain explorer service Blockr and the web bookmarking company Kippt, secured insurance covering the value of bitcoin stored on their servers, and launched the vault system for secure bitcoin storage.