Bitcoin exchange Kraken adds support for Ethereum Classic

Investing | July 29, 2016 By:

Kraken has announced that the company’s development team will be launching full support for the trading of Ethereum Classic. Kraken will offer ETC/XBT, ETC/ETH, ETC/USD and ETC/EUR pairs.

The move comes as the price of ETC, the token of the chain, which does not recredit investors from the DAO hack that caused the hard fork, has been gaining huge support within a short timeframe.

At first Kraken had elected to not support the ETC chain. Their earlier July blog post stated: “How long will it take? Although the process may go smoothly and quickly, we want everyone to understand that we will be very cautious about waiting for a clearly dominant chain (with the most work on it) to emerge before enabling ETH and DAO funding again. We think this is unlikely, but depending on how things go, we may have to wait several days or more to be safe.”

Kraken is a San Francisco-based digital currency exchange.