Ethereum Classic and British Pound Now On Coinbase
August 07 2018 - 12:39PM
ADVFN Crypto NewsWire
Bitcoin Global News (BGN)
August 07, 2018 -- ADVFN Crypto NewsWire -- Coinbase is an industry
leader of cryptocurrency exchanges by user numbers and trading
data, but more importantly the organization holds tightly to
maintaining regulatory compliance. Because of this, their currency
diversity does not match that of other exchanges. However, the
company has shared plans for expanded offerings, and has now made
good on adding Ethereum Classic (ETC), and integrating fiat
deposits and withdrawals with the British Pound for UK
users.
Ethereum
Classic
Starting today Coinbase will take
on only ETC inbound transfers for 24 to 48
hours. This process is made to guarantee a minimum level of
liquidity for users of Coinbase Pro and Coinbase Prime, where the
coin will first be available for trading. Within two weeks, ETC
will be made available on the standard platform, Coinbase
Consumers.
Coinbase is putting in extra work
to maintain a fair approach. Users who held their ETH balance at
the time of Ethereum’s hard fork that created ETC in 2016 will
receive their corresponding balance of ETC into their new Coinbase
ETC wallet.
British
Pound
Last week Coinbase officially
began accepting GBP same-day or
near instant deposits and withdrawals in some areas of the UK.
Integration will be an ongoing process to ensure proper
functionality and regulatory compliance. All U.K. customers will
gain access over the course of August.
Coinbase is also joining a movement
to increase financial efficiency in the UK through
the Faster Payments Scheme. The banking initiative
was created in the early 2000s by Santander, Barclays, Citi, and
many of the most prominent financial institutions in Europe. The
goal was to reduce the three day or more confirmation time for
transactions between most financial institutions and businesses.
The new payment channel launched in 2008, providing much more
efficient bank transfers to residents - generally one
day.
Other Coin
Additions
Last month Coinbase shared that
they were working on the addition of
Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM),
Zcash (ZEC), and 0x (ZRX).
By: BGN Editorial Staff
News:
Coinbase
Ethereum Classic
(ETC)
Cryptocurrency
British Pound
(GBP)
Ethereum Classic (COIN:ETCEUR)
Historical Stock Chart
From Sep 2024 to Oct 2024
Ethereum Classic (COIN:ETCEUR)
Historical Stock Chart
From Oct 2023 to Oct 2024
Real-Time news about Ethereum Classic (Cryptocurrency): 0 recent articles
More Ethereum Classic News Articles