By
Temitope Olatunji
April 18th, 2024
In the wake of upcoming upgrade Coinbase Wallet will serve Ethereum Classic (ETC) and all of the 100,000+ ERC20 tokens available on the Ethereum blockchain, the official statement revealed.
With more and more digital assets incrementing the offerings of crypto-exchange, Coinbase has all the chances to beat its competitors ultimately conquering rigid dominance over the industry.
Today the ambitious exchange indulges wide swaths of passionate adopters with an additional portion of good news. Following three months since the exchange listing, Coinbase Wallet finally adds support for Ethereum Classic (ETC).
ETC Wallet Expansion
Ethereum Classic has a market capitalization of $533M, and a 24-hour trading volume of $230M. At the moment it is trading at $5.02, with a circulating supply of 106,343,805 ETC, according to CoinMarketCap.
In the official blog post, the developers of Coinbase Wallet cheer up the exchange community with an upcoming upgrade that is going to enable the wallet holders to store, send and receive Ethereum Classic (ETC) as well as the rest of ERC20 tokens, which exist in the Ethereum blockchain.
However, the users have to wait a couple of days before the promising features will be put into action, as an upgrade is to be completed before the wallet starts to support ETC storing.
Notably, that for existing Coinbase Wallet users the ETC address won’t be different from their current Ethereum (ETH) address, so any ETC sent to Coinbase Wallet ETH address in the past will now show up after the update.
Continuous Spread-out of Coinbase Platform
It seems that Coinbase is truly devoted to the promise made to its global community. The exchange is gradually expanding the offerings with new digital coins.
Earlier this month Coinspeaker reported that Coinbase had started trading the Basic Attention Token (BAT) on its platform, nevertheless as it was recently disclosed both the Android and iOS apps were excluded from the BAT coverage. The decision followed Coinbase announcement of the wallet’s support for Internxt native tokens (INXT).
However, not everyone can reap the benefits from the Coinbase crypto-exchange since the platform declared limited coins availability for New York residents and traders from the United Kindom.
According to Coinbase, these jurisdictions will be halted from both BAT and 0x trading at the platform. The same destiny awaits recently added ZRX coin. The statement revealed that Coinbase allows to trade ZRX in most jurisdictions, but it will not initially be available for residents of the United Kingdom or the state of New York.
Operating in full compliance with the U.S. law, the Coinbase offerings list only tokens that SEC has proved to be neither assets nor securities. That is why such a promising XRP token so far has failed to be added to the exchange.
Previously Coinspeaker speculated about potential Coinbase additions. We have even composed the list of top 5 digital coins that are likely to be added to Coinbase next, focusing on Cardano, Stellar and Zcash.