While there is a raging debate going on in the cryptocurrency community that whether Ethereum Classic is a scam or not, another digital asset exchange has announced its support for ETC trading.
Leading Korean cryptocurrency exchange Korbit has launched ETC trading, enabling users to purchase and sell ETC for Korean won, without any fees.
CoinTelegraph reported that the Korbit development team last month halted Ethereum trading – including ETH deposits and withdrawals – to prevent users from being affected by the hard fork. The team also said that the exchange will resume Ethereum trading once the network settles and becomes more stable.
The hard fork resulted in the creation of Ethereum Classic that believes in the original vision of Ethereum prior to the fork. The ETC token soon became the third largest cryptocurrency by market cap, although it has now slipped to the sixth position.
Korbit has announced that all ETC trades will be free of cost, eliminating exchange and conversion fees for all users for a while.
“Korbit’s Ethereum Classic-Korean Won (ETC-KRW) Exchange has finally launched. Now, you can directly trade ETC with KRW on Korbit Exchange. Similar to our BTC-KRW Exchange, you can trade ETC by setting your own price in a full order book and deposit ETC via our website to trade ETC. To celebrate its opening, you can trade ETC without fees for a while", Korbit said, as quoted by CoinTelegraph.
Founded in 2013, Korbit has raised $3.6 million from the world’s leading investors including Tim Draper, Digital Currency Group, Pantera and many others.
