Ethereum Classic Jumps 15% After Coinbase Reveals Retail Trading Date


The price of Ethereum Classic (ETC) rose over 15% in a matter of hours after Coinbase announced that it would list ETC on its consumer trading app on Thursday at 5 PM PST.

The news comes just days after Coinbase revealed that it rebalanced its index fund to include ETC, shortly after trading went live on the Coinbase Pro platform, the company’s new professional interface built on top of the existing GDAX trading engine.

The upcoming listing on the Coinbase consumer app brings the first opportunity for the average retail investor to invest in ETC directly from their mobile device. The resulting increase in price is in anticipation of a bump in trading volume and project awareness.

While ETC has been hit by the recent market downturn, it is currently ranked 9th in the AltDex 100 Index (ALT100), a benchmark index for large-cap cryptocurrencies and tokens. ETC has recently surpassed TRON (TRX), IOTA (IOTA), and Monero (XMR) in market cap.

More: Coinbase Index Fund Reduces Fee and Adds Ethereum Classic (ETC)

Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.

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