UPDATE: Ether Classic Withdrawals

Update on our ongoing plans to address Ether Classic withdrawals.

Continuing from our previous announcement about some of the implications of the Ethereum “Hard Fork,” we at Gemini would like to provide an update on our ongoing plans to address developing interest in ETC (Ether Classic or ETHC).

At the moment, Gemini offers trading and withdrawals of ether only on the “Hard Fork” ETH branch and not on the ETC branch. We have not yet decided whether to open matching engines for ETC trading.

We have started work to allow withdrawal of ETC for customers who had ether balances at the time of the “Hard Fork,” as well as customers who have intentionally or unintentionally deposited Ether Classic into their Gemini accounts after the “Hard Fork.”

Modifications of our digital asset storage system are taken with extreme caution to ensure the integrity of our customers’ assets. The thorough and secure implementation of an ETC withdrawal feature will require extensive development hours. We ask for your patience and understanding as we take the next few weeks to analyze and implement this functionality.

We’ll keep you informed with additional blog posts as the situation evolves. If you have any questions, please contact support@gemini.com.

Onward and Upward!

Join the Discussion
  • Eth Fan

    Outstanding. Thank you.

  • DigitalAndroid

    The minority chain is unlikely to survive long as an economically relevant player, so I think the correct decision would be focus on the two chains that have the economic majority backing them: BTC and ETH.

    On social media, almost all of the comments in support of the minority chain are coming from newly created accounts with no reputation attached to them, which does not suggest many seriously committed parties backing it.

  • Kyle Benzle

    Finally something exciting to differentiate Gemini from CoinBase/GDax, should have moved more coin to your site before the fork, won’t make the same mistake again.

  • KK

    Hopefully the ETC will be available soon — time is of the essence on this one.