The Robinhood Crypto app just got renewed, this time with an option for investors to buy Ethereum Classic (ETC) directly from the platform. The news came just a day before Coinbase added the option as well.
According to Robinhood’s official statement, the option will be available in 19 US states with access to the service. All of the users in those states can trade ETC right now – aside from the other cryptocurrencies which include Bitcoin, Ethereum, Bitcoin Cash, Litecoin and Dogecoin.
As the post states, the users will be able to “track market data for 10 other cryptocurrencies”.
Meanwhile, Coinbase is also expected to launch support for Ethereum Classic (ETC) tomorrow. As the company announced last week, they have begun the “final testing” for the cryptocurrency and would start accepting transfers in ETC from August 7th. Still, the new option will be at first available only to users of Coinbase Pro and Coinbase Prime and no customers will be able to trade ETC right from the start.
As the company said:
“We intend to allow 24–48 hours of transfers through Pro/Prime before opening the markets. In accordance with our Trading Rules, all ETC books will open in post-only for a minimum of 10 mins. Once sufficient liquidity is established, trading will then be enabled on Pro and Prime,”
It was Coinbase that first announced the addition of Ethereum Classic to its platform, saying that the selection was “consistent with the Digital Asset Framework that the company has.” This also triggered the Coinbase token which surged 25% in 30 minutes, going above $16.
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