Scheduled maintenance and Ethereum Classic listing

25 Jul 2019 15:30
Nicholas Fletcher, Customer Experience Officer

We are excited to announce the imminent launch of Ethereum Clasic, our 14th listed cryptocurrency. Ethereum Classic is very similar to Ethereum, in that it is a smart contracts platform with an attached cryptocurrency. It uses same wallet address format as Ethereum, has the same blocktime as Ethereum, but uses the ETC ticker code. Ethereum forked off from Ethereum Classic in July of 2016. You can read more about Ethereum Classic on their project site.

We will be releasing this with an introductory brokerage fee of 0.1% (for ETC only), this will last for two weeks so ensure you get your trades in early!


Timing:

We will be performing system maintenance and upgrades on Sunday 24th July at 2pm Sydney time. We expect this to last approximately 4 hours and during this time you will not be able to access your Independent Reserve account. Once this completes, deposits and withdrawals will be enabled for ETC. Trading will be enabled at approximately 11am on Tuesday 30th July.

Please be aware that there will likely be low liquidity for the first week or two as the market builds. We recommend that customers place limit orders rather than market orders until local volatility settles down.