The accessibility of Ethereum Classic (ETC) is growing in the Canadian market. Yesterday, Coinsquare, a major Canadian exchange announced that they were adding Ethereum Classic (ETC) to their growing list of crypto offerings. Coinsquare, which has an interface that looks quite similar to that of Coinbase, has a strong presence in the Canadian market. This means that it will have a significant impact on the demand of Ethereum Classic (ETC), especially now that bullish sentiment is returning to the market.
But Coinsquare is just one of the many Canadian exchanges and institutions that are adding Ethereum Classic (ETC). A few days ago, Ethereum Classic (ETC) was added to Instacoins, a platform that will give Ethereum Classic (ETC) more accessibility through ATMs. Considering that ease of access is the biggest step towards the mass usage of cryptocurrencies, it then follows that Instacoins move to add Ethereum Classic (ETC) is a positive step towards the usage of Ethereum Classic (ETC) for everyday purposes. This could open up the way for merchants to start adopting it in the market, and growth in its value.
Ethereum Classic (ETC) listing on Canadian exchanges adds to the growing number of exchanges all across the world that are listing this coin. The highlight of them was the listing on Coinbase, which is one of the largest exchanges in the world. This has played a significant role in pushing up ETC volumes and will play a role in driving up its volumes in 2019 and beyond.
All these exchanges make Ethereum Classic (ETC) better prepared for the next crypto bull run, which looks to be at its early stages. That’s because through easier accessibility, once the Bull Run starts and FOMO kicks in, accessibility will play a huge role in determining the gains that different cryptos will make. For instance, by being listed on exchanges like Coinbase, and Coinsquare, Ethereum Classic (ETC) stands a good chance of getting back to its all-time highs and blowing past them during the next crypto bull run since these are the exchanges where most of the money flows through.
In the short-term, Ethereum Classic (ETC) is making some positive moves too. In the day, Ethereum Classic (ETC) has made some gains in the market, and the charts point to bullish continuation. In the last one week, it has gained crossed above key resistance at $9.60. This could be a signal of a return of bulls in the market, and ETC might continue on this trajectory going into 2019.
The possibility of such a Bull Run is supported by the fact that Bitcoin (BTC) is also showing signs of an early bulls market. After consolidating around $6200 – $6400 for months, Bitcoin (BTC) is showing signs of a breakout outside of this range. If indeed it breaks out, then it could pull the rest of the market with it, and that includes Ethereum Classic, which has some strong fundamentals of its own. It’s an interesting time to be involved in Ethereum Classic (ETC), before it gets too expensive to give any meaningful gains.