Coinbase reveals their users will be credited the Ethereum Classic (ETC) linked with their account.

This announcement comes one week after the San Francisco-based virtual currency exchange said they would only support ETH on their platform. Customers were worried about their assets and expressed their concerns to Coinbase since that post.

The company’s decision came after they fully understood their customers’ interest in recovering their ETC as soon as possible.

Coinbase states:

“We are working as swiftly as possible to create a simple process which will allow users to send an ETC credit to an off-platform ETC address of your choosing.”

Even with the access to their ETC credits, Coinbase will not support ETC trading or transaction on their platform. Users are also instructed not to send additional ETC to their wallets.

Coinbase has been one of Ethereum’s biggest advocates since the beginning of the year. In May (2016), Coinbase rebranded their professional trading platform to Global Digital Assets Exchange (GDAX) to support Ethereum trading and transactions. Support for ETH on their user friendly platform did not occur until the day after the hard fork.

Coinbase will update their users when their credits are available.

Danielle Meegan

Danielle Meegan is a writer based in Los Angeles, though she is a native of New Hampshire. Danielle has been published in a couple of magazines and newspapers throughout the years covering sports and entertainment. Danielle has dabbled with multiple virtual currency exchanges to understand the ins and outs of trading. As of right now, Danielle has invested in over 15 different virtual currencies, including Ether. Read More
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