Cryptocurrency exchange company Coinbase has announced its support for Ethereum Classic (ETC).

In an official blog post, Coinbase said:

“We are pleased to announce our intention to add support for Ethereum Classic (ETC) to Coinbase in the coming months. We are announcing this both internally and to the public consistent with our process for adding new assets.”

Coinbase further clarified that its Custody team is planning to add support for ETC deposits and withdrawals, while Coinbase Markets, Coinbase Pro, and Coinbase Prime are planning to add trading support for ETC. Regarding its asset management services, it said:

“Any asset listed on Coinbase Markets will be added to Coinbase Index in accordance with the Coinbase Index methodology. Coinbase Index Fund will rebalance to include Ethereum Classic.”

The company said that it will begin the engineering work for supporting Ethereum Classic, adding:

“When we reach the final testing phase of the technical integration, which we expect to occur over the next few months, we will publicly announce a launch date for trading via our blog and Twitter.

“After evaluating factors such as liquidity, price stability, and other market health metrics, we may choose to add Ethereum Classic to the Coinbase platform.”

ETH/USD jumped 36% on the announcement and has hit 16.60 levels so far in the day. It is currently trading at 15.77 levels at the time of writing (Kraken).