You can now fund your account with Ethereum (ETH), in addition to ERC-20 stablecoins, using our new Ethereum invoicing system.
Choose a stablecoin out of Tether (USDT), USD Coin (USDC), True USD (TUSD) or DAI (DAI) to generate an invoice, or send Ethereum (ETH) and we will instantly swap the ETH for USD stablecoins and credit your USD wallet.
Deposits will be available to spend after 50 network confirmations. There are no hidden fees and you can withdraw at any time.
In November, 1 BTC equals over 37 ETH now, as Bitcoin flexed a dominant $336 billion market cap, compared to a $40 billion market cap by Ethereum.
Today, 1 BTC equals 31 ETH, as Ethereum has regained some ground, with Bitcoin at $905 billion market cap, compared to $175 billion by Ethereum.
Ethereum is trading at $1,530 at the time of writing — down 3.06% today but up 8.89% on the month and up 158% over the past three months. Over $39 billion in ether has been traded in the past 24 hours.
Last week, Coinbase released its S-1 filings with the U.S. Securities and Exchange Commission (SEC) and said the development and launch timeline of Ethereum 2.0 was one of the potential adverse factors against its business. They also mentioned the unknown identity of Satoshi Nakamoto, the mysterious founder of Bitcoin, as an existential risk to the business.
If exchanges like Coinbase are to accept 2.0, they will have to potentially migrate all their Ethereum wallets to a proof-of-stake model, which is expensive both technically and security standpoint, but also from an education standpoint.
Ether made up 15% of volume on Coinbase in 2020, and makes up 13% of all assets stored on Coinbase currently. By comparison, Bitcoin makes up about half of all trading volume on Coinbase each year.
The goals of 2.0 is to make Ethereum scalable, more secure, and more sustainable for the next billion crypto users and beyond.