The last time Coinbase was asked about the addition of new assets in March and then there was no news about new coins. Therefore, the addition of Ethereum Classic (ETC) was received with enthusiasm, as a result of which the asset began to show an upward trend.
Ethereum Classic is a project that developed without attracting much attention, but it remains attractive enough to be included in the crypto-currency portfolio. And now Coinbase decided to add this asset. Here are the five most likely reasons for choosing Ethereum Classic:
Compliance with the Digital Asset Framework : Ethereum Classic corresponds to most items in the Digital Asset Framework (this is the document used to assess the stability and prospects of digital assets). Since Ethereum Classic has shown viability for two years after the fork, it begins to look like a separate altcoyin, which is not created in order to just break into the stock exchanges. Factors such as liquidity, the degree of implementation, a good team with a clear road map, play into the hands of Ethereum Classic and made him pay attention to the executive team of Coinbase.
Quite good trading volumes : Ethereum Classic managed to get listing on stock exchanges, while the crypto-currency market has not yet received widespread recognition. This means that Ethereum Classic is not a junk asset and can offer more reasonable volatility due to a greater number of market participants. The trading volumes of Ethereum Classic range from $ 1 million to $ 6 million within 24 hours. This is relatively small, but these levels remained less stable compared to the more widely traded coins, trading volumes were significantly reduced.