INSUBCONTINENT EXCLUSIVE:
Coinbase has added a new buying option for its customers after the crypto exchange introduced Ethereum Classic to its collection.
The
addition was first announced in July but Coinbase took its time to implement its newest addition following criticism over the way it added
Allegations of insider trading ledthe company to investigate the incidentwhich saw service outages and wild price fluctuations for Bitcoin
Cash right after its addition to the exchange
It later introduced a framework for adding new tokens.
Nonetheless, Ethereum Classic value spiked 20 percent on last month news
Today, though, it is down two percent over the last 24 hours, according to Coinmarketcap.com.
Coinbase has taken a conservative approach to
Today addition takes it to five tokens — Bitcoin, Ethereum, Litecoin and Bitcoin Cash are the others — but that likely to change this
Last month, it announced it is &exploring& the addition of another five tokens while CTO BalajiSrinivasan hinted that the selection would
grow further when I interviewed him at the recent TechCrunch blockchain event in Zug.
We hear your requests, and are working hard to make
more assets available to more customers around the world,& Dan Romero, who heads Coinbase consumer business, said in a blog postpublished
today.
A note on Ethereum Classic — it was created in June 2016 following a major hack on The DAO, a fundraising vehicle for the project
In short: the Ethereum Foundation created a new version of Ethereum — known today as Ethereum — that rescued the lost funds, while those
who opposed continued on with the original chain which was known as Ethereum Classic.
Ethereum falling price splits the crypto
community
Note: The author owns a small amount of cryptocurrency
Enough to gain an understanding, not enough to change a life.
