Coinbase to Add Support for Ethereum in the Near Future

Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term exchange Coinbase is planning to add support for the trading of ether, the digital currency unit behind Ethereum. The exchange which has so far only been focused on Bitcoin has announced its intentions after months of preparations for the move.

A screenshot of the support page of the website leaked earlier during the day, hinting about the prospective launch of one of the most rapidly growing digital currencies in recent months. Ethereum was created by 22-year-old software engineer Vitalik Buterin. The currency differs to a large extent from Bitcoin with the support of smart contracts, which can be executed automatically between two people without their manual intervention.

With the market cap of Ethereum rapidly growing in recent months, the popularity of this protocol has been on its way to rival Bitcoin. According to data provided by coinmarketcap.com the current capitalization of digital currency which is in circulation amounts to over $1.1 billion. To put things into perspective, on the first of January 2016 the market cap of Ethereum totaled $72.1 million.

The vote of confidence from Coinbase serves as yet another boost for the prominence of Ethereum as an alternative to Bitcoin. The currency is currently the main viable contender to replace Bitcoin at the helm of the digital currencies world.

Coinbase is expected to launch Ethereum trading on the company's Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term starting from next Tuesday. According to the president of the firm, Coinbase is also rebranding itself to GDAX (Global Digital Asset Exchange) to more accurately reflect the company's goals.

Ethereum will be offered both against Bitcoin and against the U.S. dollar.