Coinbase Wallet to End Support for Bitcoin Cash, Ethereum Classic, Ripple’s XRP and Stellar’s XLM
Coinbase will end support for the tokens associated with Bitcoin Cash (BCH), Ethereum Classic (ETC), Ripple (XRP) and Stellar (XLM) from its wallet service, according to an update on the company’s website.Read MoreCoinDesk
Coinbase will delist the native tokens associated with Bitcoin Cash (BCH), Ethereum Classic (ETC), Ripple’s XRP Ledger (XRP) and Stellar (XLM) from its wallet service, according to an update on the company’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.
Read more about
coinbase-walletBitcoin CashStellar LumensEthereum ClassicXRP
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.
Recent Posts
Florida Withdraws Strategic Bitcoin Reserve Bills From Consideration
Florida has withdrawn two bills related to the creation of a state-level strategic bitcoin (BTC)…
Watch Out Bitcoin Bulls, $99.9K Price May Test Your Mettle
The recent bitcoin (BTC) price rally above $90,000 might have some holders eyeing a run…
Bitcoin Developers Plan OP_RETURN Removal in Next Release
The debate over Bitcoin's OP_RETURN heats up, as developers of Bitcoin Core – the most…
Cardano’s ADA, XRP Slide as Bitcoin Traders Await ‘Coin-Flip’ FOMC Meeting
Cardano’s ADA and XRP led losses among majors on Tuesday as traders await the outcome…
Bitcoin In The Middle Of A Decision Point, Analyst Says—Here’s Why
An on-chain analyst has explained how Bitcoin could be in the middle of a decision…
Strategy Expands Bitcoin Investments With Latest Purchase, Now Holding 555,450 BTC In Total
In a recent filing with the US Securities and Exchange Commission (SEC), Strategy (formerly Microstrategy),…