Saturday, March 6, 2021

bitFlyer Europe Announces Date of Ethereum Classic (ETC) Deposits Resumption

Going by the report from the official Twitter handle of bitFlyer in Europe, 1st February 2021 has been slated for the resumption of Ethereum Classic (ETC) deposits on the trading platform.

As stated in the report, ETC deposits were suspended due to the instability of the Ethereum Classic network. With this upcoming development, users can now get themselves prepared to resume their usual activity on the network.

However, the approval process for each ETC deposit will be extended. So, users should expect their deposits to reflect on their accounts after 7 or 10 days.

Read Also: Charles Hoskinson: $44B worth of Miners About To Get Fired By Ethereum Are Welcome To Mint ETC

bitFlyer Europe tweeted, “Ethereum Classic (ETC) deposits, that have been suspended due to instability in the ETC network, are scheduled to resume on Monday, February 1, 2021.”

“The approval process required for ETC deposits will be extended, so the amount of time for deposits to reflect on customer’s account is expected to increase (currently between 7 and 10 days). We appreciate your continued support.”

Read Also: Ethereum Whales Moved $451 M in ETH from Top Exchanges, As ETH Balance on Exchanges Drops

Ethereum Classic (ETC) Corroborates the Development

In corroboration to the announcement, Ethereum Classic (ETC), via its official Twitter handle, acknowledged the update as helpful for users that have been anticipating the resumption of deposits on bitFlyer Europe.

“Thank you bitFlyer Europe! We appreciate the update! Many users have been looking forward in anticipation to Bitflyer resuming ETC deposits.”

Ethereum Classic Labs Announces the First Exchange Listings of Wrapped ETC

About a week ago, the leading supporter of the Ethereum Classic blockchain, Ethereum Classic Labs (ETC Labs), announced the first round of listings of WETC on top decentralized exchanges, Uniswap and SushiSwap, with more additions expected in the near future.

Read Also: Analyst: Ethereum (ETH) on the Verge of Posting Massively Bullish Signal as Bulls Take Over

The announcement reads as follows:

“We’re very excited to announce that WETC is now available on some of the most popular decentralized exchanges, including Uniswap and Sushiswap. Participating in the fast-growing DeFi economy just got easier for the Ethereum Classic community, as ETC holders can now leverage WETC to gain access to key financial services like trading, savings, lending, and borrowing that might not have otherwise been readily available to them.”


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Tobi Loba
Tobi-Loba is a creative and an award-winning writer with over 5 million readers from all over the world. She has B.A in English and Literature from a reputable University and currently studying for her M.A in the same field. She recently became a contributor at Herald Sheets in order to satisfy her thirst in reporting crypto and blockchain occurrences, the interest she built over the years.

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