Ethereum Classic price goes up 25%

Ethereum Classic price goes up 25% as a result of South Korean trading interest rumours 
23 August 2017   2874

Ethereum Classic (ETC) price has increased by 25% within an hour as a result of spreading of South Korean trading interest rumours. 

Thus, the news got a great resonance on Twitter, e.g. one of the users claims that the cryptocurrency is "more alive than ever":

Other cryptocurrency enthusiasts speculate that the Ethereum Classic chain is to be benefiting from trader efforts in South Korea:

Given that the rumours are not just the rumours, ETC is to profit from the surge the same way as Monero and Ripple (Ripple's XRP price climbed 40% on surge in Korean trading) this week. For example, when Bithumb, the world’s most-used cryptocurrency exchange announced adding the support for Monero tokens, its value ballooned from around $52 to almost $97 in a period of hours.

Bithumb in the list on coinhills.com Bithumb in the list on coinhills.com

Thus, at the time of writing, Bithumb is holding the first position in the list of cryptocurrency exchanges having a daily volume of more than $1.15 billion which is $500 million greater than 2nd-ranked Poloniex. It goes without saying, that the impact of the exchange on the market is hard to be overestimated.

Coinbase to Expand Services for Asia

Among the services available now there are Coinbase Prime, Pro and Custody
22 January 2019   120

Coinbase, the leading US cryptocurrency company reported that from now on its professional trading and custodial platforms are available to institutional clients and investors with large volumes from the Asian region.

In particular, according to the Coinbase blog, users of Asia will have access to the option of depositing accounts and withdrawing funds using SWIFT transfers through non-US bank accounts.

In the past 12 months, hundreds of crypto-first hedge funds have launched around the world, and many hundreds more traditional institutions such as proprietary trading firms, family offices and endowments have begun actively trading digital assets. Coinbase’s suite of professional products — Coinbase Prime and Pro, Coinbase Custody — serves these customers, along with other participants in the market, like asset issuers, crypto exchanges, and miners.
 

Elliott Suthers

Coinbase

Among the services available there are Coinbase Prime, Coinbase Pro and Coinbase Custody, which also supports the steamer USDC.

In December 2018, Coinbase began to provide services to residents of the islands of Guernsey and Maine, as well as Lithuania, Iceland, Andorra and Gibraltar.