Cryptocurrencies
Cryptocurrency Ethereum Classic Soars on Coinbase Listing Plan
- Digital exchange expects to begin trading in a few months
- Virtual token’s price jump as much as 22% on announcement
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Ethereum Classic, an offshoot of the second-biggest cryptocurrency, soared as much as 22 percent after the digital exchange Coinbase Inc. said it will begin trading the virtual token in the next few months.
Engineering work for supporting the cryptocurrency will now begin, Coinbase said in a blog post. The San Francisco-based company noted that customers can expect to see public-facing software applications and other signs that the asset is being added.