Ethereum Classic
$51.19 2.23%
ETC · 209w

Coinbase Clarifies, No Plans to Integrate Ethereum Classic Yet

It seems as if Coinbase, the world’s largest Bitcoin wallet and trading platform, is not ready to integrate Ethereum Classic just yet.

Earlier this week, various analysts and Ethereum Classic enthusiasts suggested the possibility of Coinbase integrating Ethereum Classic in the near future after a community member discovered an API link to Ethereum Classic on the Coinbase platform. These included Barry Silbert, the founder and CEO of Digital Currency Group, a Bitcoin and Blockchain-focused investment firm that has invested in some of the most successful startups in the Bitcoin industry.

However, almost immediately after Silbert shared the API link of Ethereum Classic on the Coinbase platform in online communities and social media, the Coinbase development team clarified that the API link is simply a relic from the previous Ethereum Classic payout. Coinbase said:

“We have no plans to support ETC at this stage. This API call is a relic of the ETC withdrawals.” Why did Coinbase have an API link to Ethereum Classic?

On July 20, the Ethereum Foundation and the Ethereum development team executed a hard fork in order to recover funds lost in the Decentralized Autonomous Organization (DAO), one of the first smart contract and Ethereum-based decentralized applications to raise funds in an initial coin offering (ICO).

At the time, Ethereum co-founder Vitalik Buterin wrote:

“The recovery contract is already returning DAO token holders’ Ether; about 4.5 mln ETH has been sent to DAO token holders, and about 463,000 ETH is in the control of the curator; a contract to facilitate extra balance payments is currently undergoing security review. We thank our developers and the community for working together to make the transition as smooth as it has been, and look forward to working together to continue to make the Ethereum ecosystem and protocol a success.”

Some investors, businesses and users of the Ethereum network did not agree...

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