Coinbase Wallet To Drop Support For Ripple, Ethereum Classic, Bitcoin Cash, And Stellar Due To “Low Usage”

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Brian Armstrong; Photo Source: Inc. Magazine

Coinbase Wallet announced its plans to cease support for Ripple (XRP), Ethereum Classic (ETC), Bitcoin Cash (BCH), and Stellar (XLM) starting December 5. It cited the low usage of the tokens as the reason behind delisting the four tokens.

Coinbase Wallet users will still be able to access the unsupported tokens using their wallet’s recovery phrase. Coinbase, however, cautioned that sending or receiving unsupported tokens via the Coinbase Wallet may result in users losing their assets.

After January 2023, clients will need to import the recovery phrase on a non-custodial wallet provider to make transactions with these coins. Interestingly, the four tokens will still be supported by Coinbase’s exchange.



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Coinbase’s announcement to delist Ripple came as a surprise because the exchange recently voiced its support for Ripple Labs in the latter’s ongoing lawsuit against the SEC. 

It is worth noting that Coinbase’s move has not led to any major change in the prices of the four coins.

Written by
Ayush Pande

Coinbase Wallet announced its plans to cease support for Ripple (XRP), Ethereum Classic (ETC), Bitcoin Cash (BCH), and Stellar (XLM) starting December 5. It cited the low usage of the tokens as the reason behind delisting the four tokens.

Coinbase Wallet users will still be able to access the unsupported tokens using their wallet’s recovery phrase. Coinbase, however, cautioned that sending or receiving unsupported tokens via the Coinbase Wallet may result in users losing their assets.

After January 2023, clients will need to import the recovery phrase on a non-custodial wallet provider to make transactions with these coins. Interestingly, the four tokens will still be supported by Coinbase’s exchange.



Get Our Free Newsletter

Subscribe to our newsletter to get tips, our favorite services, and the best deals on Bitcompare-approved picks sent to your inbox


Coinbase’s announcement to delist Ripple came as a surprise because the exchange recently voiced its support for Ripple Labs in the latter’s ongoing lawsuit against the SEC. 

It is worth noting that Coinbase’s move has not led to any major change in the prices of the four coins.

Written by
Ayush Pande