Since its launch in 2016, Ethereum Classic (ETC) has been one of the most popular cryptocurrencies. Despite its popularity, Coinbase does not support ETC. Here’s why:
Coinbase is a digital asset exchange company. It allows users to buy and sell cryptocurrencies.
The company was founded in 2012 and is headquartered in San Francisco, California. As of May 2019, Coinbase had over 13 million users.
Coinbase allows users to buy and sell four cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH). The company plans to add more cryptocurrencies in the future.
However, Coinbase does not currently support ETC.
There are a few reasons why Coinbase does not support ETC. First, Coinbase is focused on supporting the most popular cryptocurrencies.
Ethereum Classic is not as popular as other cryptocurrencies like Bitcoin or Ethereum.
Second, Coinbase is focused on supporting cryptocurrencies that are widely used and accepted. Ethereum Classic is not as widely used or accepted as other cryptocurrencies.
Third, Coinbase is focused on supporting cryptocurrencies that are built on open protocols. Ethereum Classic is not built on an open protocol. It is built on the same protocol as Ethereum (ETH).
However, the ETH community hard-forked after the DAO hack in 2016. The hard-fork created two separate blockchain protocols: Ethereum (ETH) and Ethereum Classic (ETC).
Fourth, Coinbase is focused on supporting cryptocurrencies that have a strong development team and community. The Ethereum Classic development team is small relative to other cryptocurrency development teams.
In addition, the ETC community is much smaller than the ETH community.
For these reasons, it’s unlikely that Coinbase will add support for ETC anytime soon. However, this could change in the future if Ethereum Classic becomes more popular or widely accepted.