Ethereum Classic [ETC] was the results of a hard fork, that occurred earlier in the year 2016, arising out of conflicts into the way to answer the high-profile DAO hack of the Ethereum [ETH] blockchain.
The official web blog post outlines that the Coinbase digital wallet app ought to update over the “next few days,” once which after the users would be able to update, send and receive Ethereum Classic [ETC] to their addresses. For the existing Coinbase wallet users, their ETC address are just like their current Ethereum [ETH] address.
In addition to Ethereum Classic [ETC], Coinbase wallet supports storage, transferring and receiving of Ethereum [ETH] and “100,000+ ERC20 tokens.”
As reported by EtherDesk earlier, Coinbase initially proclaimed it’d be listing Ethereum Classic [ETC] on its trading platform in June, resulting in a pointy spike within the asset’s price. However, once the listing went live in early August, ETC was conjointly incorporated into the Coinbase mutual fund.
Even earlier in August, crypto exchange and wallet service Bittrex listed a U.S. dollar-ETC trading pair, the same month as crypto trading app Robinhood proclaimed its own support for the asset.
At the reporting time, Ethereum Classic [ETC] is listed as the seventeenth largest cryptocurrency by market capitalization, and is presently trading at a price of $4.59 USD which is 6.31% higher than yesterday.