At 8:18 PM Central Time Coinbase Tweeted “We are pleased to announce our intention to add support for Ethereum Classic (ETC) on Coinbase in the coming months”. Immediately following this announcement the price of Ethereum Classic (ETC) gains 25%. Going from $12.88 to $16.15 according to CoinMarketCap.
What could this mean for ETC?
Well If you do remember what happened to Bitcoin Cash when Coinbase allowed trading for the token, this could skyrocket the price and bring more supporters to Ethereum Classic.
Coinbase will first add ETC on to Coinbase Pro , Coinbase Investment Fund (Min. of $250,000 deposit), Coinbase Custody and Coinbase Prime. If ETC is successful on those platforms then it will be added to the regular Coinbase, where most investors purchase their cryptocurrency.