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Ethereum Classic [ETC] at $15.90 – Deposits now open on InstaSwap

Ranjitha Shastry



Ethereum Classic [ETC] at $15.84 - Deposits now open on InstaSwap
Source: Unsplash

Yesterday, Ethereum Classic announced that they have been listed and the deposits are now available on InstaSwap, a private cryptocurrency exchange platform. ETC is listed with ETH, BTC, LTC, and XMR on the platform.

It has seen a downfall of 0.99% in the last 24 hours, and is currently trading at $15.90 with a market cap of $1.6 billion. ETC ranks at the 15th position by market capitalization, according to CoinMarketCap.

Ethereum Classic Twitter announcement | Source: Twitter

Ethereum Classic Twitter announcement | Source: Twitter

InstaSwap has features such as:

  • A simple procedure for transactions.
  • A fast process that shows a fully automated system that is said to complete transactions within 15-30 minutes.
  • Transactions are made secure as they are processed over SSL/TLS certificate.

InstaSwap’s Twitter post stated:

“@eth_classic Becomes Number 6 of Deposit Currencies. Use #ETC to exchange for any other cryptocurrency! #hardwork #cryptocurrency #cryptocurrencies #instaswap #bitcoin #blockchain #ethereum #litecoin #btc #eth #ltc #crypto #exchange #exchanger #etc #ethereumclassic.”

Their webpage mentions:

“Our customer’s safety is our first priority. Our customers neither need registration in order to exchange, nor we hold their funds.”

Ethereum Classic is an open-source blockchain-based distributed computing platform which features smart-contracts. It provides a decentralized Turing-complete virtual machine [solve any reasonable computational problem]. The Ethereum Virtual Machine [EVM] is designed to execute scripts using the international network of public nodes.

Ethereum Classic recently released the first alpha version of the Emerald Wallet v1.0.0. The Emerald Wallet is an ETC Wallet which is a part of a project known as the Emerald Platform.

ETC also announced their incubator programme launched by HCM, Digital Finance Group, and Digital Currency Group. This also offers guidance and support from IOHK [Input-Output Hong Kong] and ETCDEV. This initiative of ETC aims to provide both reliable investment and in-depth guidance from industry specialists for growing startups on the Ethereum Classic Blockchain.

A few weeks ago, ETC had also collaborated with Zeniex, a cryptocurrency exchange established by a group of financial and security experts from South Korea and China.

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Ranjitha Shastry is a part of AMBCrypto's News Reporting Team. Having done her major in Journalism and mass communication, she is passionate about business and economic journalism.