For most cryptocurrency investors, this has been a very tough week especially as the recent announcement that the world’s largest stock exchange operator is launching a bitcoin market didn’t translate into bullish price trend. However, for Ethereum classic enthusiasts, this could have been its best week.
In the past few days, Ethereum classic was listed in two major cryptocurrency trading platforms.
From earlier reports, it was stated that Ethereum became the sixth cryptocurrency listed on stock trading app Robinhood, whose crypto trading service can now be accessed in 19 U.S. states.
Earlier on Wednesday, Ethereum classic made another groundbreaking move, as industry giant Coinbase started taking ETC deposits on Coinbase Pro, its order-book cryptocurrency exchange, with trading against both USD and other crypto assets expected to start later in the week.
Even though it will apparently be listed once the market stabilizes on Coinbase Pro, Ethereum is yet to be available through the firm’s brokerage service.
The recent news have initiated a significant ETC price recovery. In the past week, Ethereum classic has increased in value by over 11 percent against the U.S. dollar, making it the top performer among coins with market caps exceeding $1 billion and also the only large-cap cryptocurrency to witness positive price movement.
Currently, Ethereum classic is trading at a global rate of $18.59, which provides it with a $1.9 billion market cap and is the 12th largest cryptocurrency at the moment.