Coinbase announces Ethereum Classic support, coin skyrockets afterwards

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Coinbase is one of the largest cryptocurrency exchanges in the world, so when it announces plans to support a new player the news is bound to have a major impact on the market. The result is always the same: a massive buying spree, which can lead to coins posting double-digit gains in a matter of hours. This was also the case for Ethereum Classic, which will be listed on Coinbase in the coming months. The exchange says that it will be included first on Coinbase Custody, which is where customers will be able to make deposits and withdrawals. It will…

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