/Three Months after Exchange Listing, Coinbase Wallet Supports Ethereum Classic

Three Months after Exchange Listing, Coinbase Wallet Supports Ethereum Classic

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Users of Coinbase Wallet will now be able to send as well as receive Ethereum Classic.

In a blog post, cryptocurrency exchange Coinbase indicated that support has now been extended to not just Ethereum Classic but also to the more than 100,000 ERC20 tokens which exist in the Ethereum blockchain. Users of the wallet will, however, have to wait a couple of days before they can conduct transactions.

“Your Wallet app should update in the next few days, after which you can view, send, and receive ETC on your Wallet,” Coinbase wrote in an online announcement.

This comes three months after the cryptocurrency exchange listed the altcoin on its trading platform.

At the time, Coinbase said the listing was a fulfilment of a promise to add more assets to its trading platform for its global customer base. Since the listing of Ethereum Classic, other cryptocurrencies that have been added to Coinbase’s trading platform include Basic Attention Token (BAT), which was listed at the beginning of this month.

BAT and 0x

As CCN reported after the listing, Coinbase allowed trading in BAT in most jurisdictions with the exception of New York.

“Once sufficient liquidity is established, trading on the BAT/USDC order book will start. […] BAT trading will be accessible for users in most jurisdictions, but will not initially be available for residents of the state of New York,” Coinbase announced at the time.

At the time the U.S. cryptocurrency exchange also disclosed that BAT would be unavailable on the mobile apps and on Coinbase.com.

Another cryptocurrency that Coinbase recently listed is 0x and unlike in the case of BAT, the coin was immediately available on iOS and Android apps as well as on Coinbase.com. But just like in the case of BAT, the state of New York was excluded from the list of allowed jurisdictions. In the U.K., where Coinbase enabled deposits and withdrawals in sterling pounds in August, residents also missed out on the immediate availability of 0x.

“Starting today, Coinbase supports ZRX at Coinbase.com and in the Coinbase Android and iOS apps. Coinbase customers can now buy, sell, send, receive, or store ZRX…” Coinbase vice president and the general manager of Coinbase Consumer, Dan Romero, announced as CCN reported. “ZRX will be available for customers in most jurisdictions, but will not initially be available for residents of the United Kingdom or the state of New York.”

Highly Regulated

Being based in the United States, Coinbase is highly regulated and the listing of a token on the exchange is taken as an indication that the U.S. Securities and Exchange Commission does not consider such an asset a security. Other crypto assets that could soon be listed on Coinbase, speculatively speaking, include Cardano, Stellar and Zcash.

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