As of September 2019, the price of Ethereum Classic (ETC) was $6.31 on Coinbase.
However, the price of ETC can be different on other exchanges. So, why is ETC price different on Coinbase?.
There are a few reasons for this. First, Coinbase is a US-based exchange, and the US dollar is the primary currency traded on Coinbase.
As such, the price of ETC is generally denominated in US dollars on Coinbase.
Second, Coinbase is a major exchange with a lot of liquidity. This means that there are always buyers and sellers willing to trade ETC on Coinbase.
This results in a more stable price for ETC on Coinbase than on smaller exchanges.
Third, Coinbase has implemented a number of security measures to protect users’ funds. This includes insurance for user funds and multiple layers of security.
These measures make Coinbase a more trusted exchange, which can attract more users and result in higher trading volumes. This can lead to a higher price for ETC on Coinbase than on other exchanges.
Fourth, Coinbase generally has lower fees than other exchanges. For example, Coinbase charges a maker fee of 0.15% and a taker fee of 0.
25%. These low fees can attract more users to trade ETC on Coinbase, which can lead to higher trading volumes and a higher price for ETC.
Finally, it’s important to remember that the prices of cryptocurrencies are highly volatile and can change rapidly. So, even if the price of ETC is higher on Coinbase than on other exchanges at one moment, that could change in the future.