Ethereum Classic support Added on Robinhood Crypto Trading App

Chirayu Choubisa

August 7, 2018 3:56 pm

Ethereum News

review Snippet Ethereum Classic support Added on Robinhood Crypto Trading App | Coindelite News
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On Monday, Robinhood declared that its customers can now invest in ethereum classic (ETC), merely a before Coinbase adds the support too.

The company stated in a blog post that the option went live today on its Robinhood Crypto App, adding that only those in the 19 U.S. states with access to services can trade ETC at this time.

As per the official post, Robinhood customers can also invest in Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Dogecoin (DOGE) and Litecoin (LTC), as well as track market data for ten other digital currencies.

The company declared a week ago that it had begun “final testing” for the digital currency, and would start accepting transfers in ETC on 7th August. Although, the new option will be opened up initially to users of Coinbase Prime and Coinbase Pro, and no other client will be able to trade in ETC immediately.

The company described:

“We plan to provide 24–48 hours of transfers through Prime/Pro before opening the markets. Following our Trading Rules, all ETC books will open in post-only for a minimum of 10 mins. Once adequate liquidity is established, trading will then be enabled on Pro and Prime.”

The post added, coinbase’s consumer service will add the asset “just after they are listed on Coinbase Prime and Pro.”

It continued:

“We intend to add support for ETC on Coinbase Consumer when adequate liquidity is established. We expect this to occur approximately 1–2 weeks after trading begins on Pro and Prime.”

The Exchange said, while Coinbase Pro and Prime users who held ethereum before 2016 forks will get credit for ethereum classic, retail clients will not as ethereum was not supported until after the fork.

In June, ETC jumped 25 percent in 30 minutes to just over $16 after Coinbase announced that they are adding ethereum classic, saying the selection was consistent with its Digital Asset Framework.

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