Coinbase Wallet to End Support for Bitcoin Cash, Ethereum Classic, Ripple's XRP and Stellar's XLM

Coinbase Wallet to End Support for Bitcoin Cash, Ethereum Classic, Ripple's XRP and Stellar's XLM

Spread the love

CoinDesk - Unknown

Oliver Knight is a CoinDesk reporter based between London and Lisbon. He does not own any crypto.

Coinbase Wallet will no longer support the native tokens associated with Bitcoin Cash (BCH), Ethereum Classic (ETC), Ripple’s XRP Ledger (XRP) and Stellar (XLM), effective Dec.5, according to an update on the crypto exchange’s website.

The assets will no longer be supported on Dec. 5, although users with balances will be able to withdraw after that date with a recovery phrase.

Coinbase cited “low usage” as a reason for delisting the four coins, all of which rose to sizable prominence in the 2017 cryptocurrency bull market.

XRP remains the seventh-largest cryptocurrency with a market cap of $19.6 billion and 24-hour trade volume of almost $1 billion across all exchanges, according to CoinGecko.

BCH and ETC – which are forked versions of the two most popular cryptocurrencies, bitcoin (BTC) and ether (ETH) – have both lost large portions of total cryptocurrency market share since being issued over five years ago.

Coinbase declined CoinDesk’s request for comment.


Sign up for The Node, our daily newsletter bringing you the biggest crypto news and ideas.

By signing up, you will receive emails about CoinDesk product updates, events and marketing and you agree to our terms of services and privacy policy.

DISCLOSURE

Please note that our

privacy policy,

terms of use,

cookies,

and

do not sell my personal information

has been updated

.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a

strict set of editorial policies.

CoinDesk is an independent operating subsidiary of

Digital Currency Group,

which invests in

cryptocurrencies

and blockchain

startups.

As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of

stock appreciation rights,

which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG

.

CoinDesk - Unknown

Oliver Knight is a CoinDesk reporter based between London and Lisbon. He does not own any crypto.

CoinDesk - Unknown

Oliver Knight is a CoinDesk reporter based between London and Lisbon. He does not own any crypto.

Tags

Related News

top-us-crypto-exchange-coinbase-adds-ethereum-staking-altcoin-to-listing-roadmap
top-trader-updates-outlook-on-ethereum-rivals-cardano-and-fantom,-says-bitcoin-must-hold-$23,000-to-avoid-larger-pullback
top-crypto-analyst-sees-volatility-in-store-for-bitcoin,-zooms-out-on-one-popular-ethereum-based-dex-token