Cryptocurrency exchange Coinbase has expanded its wallet's capabilities by adding support for Ethereum Classic (ETC). This update enables users to manage ETC alongside Ethereum (ETH) and over 100,000 ERC20 tokens built on the Ethereum blockchain.
Key Updates to Coinbase Wallet
- ETC Integration: Users can now view balances, send, and receive ETC directly from their wallets.
- Automatic Address Sync: Existing ETH addresses will also serve as ETC addresses, simplifying transfers.
- Enhanced UI: Recent updates include fiat currency balance displays and automatic ERC20 token detection.
What This Means for Users
Coinbase's Siddharth Coelho-Prabhu confirmed the update, stating:
“We aim to be the easiest and most trusted crypto wallet, with plans to support additional blockchains soon.”
Users who previously received ETC on their ETH addresses will see those balances reflected post-update.
Ethereum Classic’s Market Performance
ETC was listed on Coinbase Pro in August 2023 but has struggled in bearish markets. Currently:
| Metric | Value |
|--------------|---------------------|
| Price | $4.26 |
| Market Cap | $452.86 million |
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Recent Wallet Improvements
- Portfolio Tracking: Balances now display in local fiat currencies.
- NFT Gallery: Partnerships with RareBits and OpenSea allow in-wallet collectible viewing.
- Stability Upgrades: Under-the-hood enhancements improve app performance.
FAQ Section
1. Is my ETH address the same for ETC?
Yes—your existing ETH address doubles as your ETC address.
2. How do I view my ETC balance?
Update the Coinbase Wallet app, and balances will appear automatically.
3. Will Coinbase add more blockchains?
Yes, the team plans to expand support for additional networks.
4. Are ERC20 tokens still supported?
Absolutely—over 100,000 tokens are compatible.
5. Can I trade ETC on Coinbase Pro?
Yes, ETC has been tradable since August 2023.
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