Coinbase Wallet drops several cryptocurrencies, including Ripple’s XRP and Bitcoin Cash (BCH)

Coinbase Wallet abandonne certaines cryptomonnaies, dont le XRP de Ripple et Bitcoin Cash (BCH)

Changing signs of the times? Coinbase Wallet has announced support for four cryptocurrencies still considered big by some. Soon Ripple’s XRP, Bitcoin Cash (BCH), Stellar (XLM) and Ether Classic (ETC) will no longer be able to be used on the wallet.

Coinbase wallet drops some cryptocurrencies

The news was shared in a terse statement from Coinbase Wallet, which appeared yesterday. We find that the service updates the supported cryptocurrencies, and those will no longer be counted assets from Ripple, Bitcoin Cash, Stellar and Ethereum Classic. Coinbase clarifies that the decision was made due to “low usageof these.

As of January 2023, Coinbase Wallet users still have these cryptocurrencies they will have to transfer them to a wallet that takes them into account. As a reminder, Coinbase Wallet is the only service affected, the exchange platform of the same name continues to list these tokens.

👉 Find the biggest cryptocurrencies right now

The reference platform to buy and trade more than 600 cryptos

10% off fees with code ZWUFE2S1 🔥

An announcement that surprised him

The announcement surprised users, some of these assets they are sometimes considered heavyweights in the sector. Especially Ripple’s XRP, which is currently the 7th most capitalized cryptocurrency, at 20.3 billion dollars. ETC is 25th, and had a brief resurgence of general interest during the transition from Ethereum (ETH) to proof of issue. Stellar (XLM) and Bitcoin Cash (BCH) are 28th and 29th in the ranking of the most capitalized cryptocurrencies.

That being said, one can’t help but think when seeing the list that this is the “old generation”. XLM was created in competition with XRP, Ethereum Classic was swallowed up by its Ethereum fork, and Bitcoin Cash itself is a fork of Bitcoin (BTC). Gradually the enthusiasm for these projects changed to move towards the top 10 we know today.

It is interesting, however, that Coinbase Wallet made this choice, without explaining it more than a lack of activity. Especially for Ripple’s XRP, which is still a large cryptocurrency network.

👉 To go further – What is Ripple and XRP?

Join Experts and a Premium Community


Invest in your crypto knowledge for the next bullrun

toaster icon

Source: Coinbase, press release

Newsletter 🍞

Get a summary of crypto news every Monday by email 👌

What you need to know about affiliate links. This page presents assets, products or services related to investments. Some links in this article are affiliates. This means that if you buy a product or register on a site from this article, our partner pays us a commission. This allows us to continue to offer you original and useful content. There is no influence on you and you can even get a bonus by using our links.

Investments in cryptocurrencies are risky. Cryptoast is not responsible for the quality of the products or services presented on this page and could not be responsible, directly or indirectly, for any damage or loss incurred after the use of a product or service highlighted in this article on him. Investments involving crypto-assets are inherently risky, readers should do their own research before taking any action and only invest within the limits of their financial capabilities. This article does not constitute investment advice.

AMF recommendations. There is no guaranteed high return, high risk is associated with a product with high return potential. This risk must be in line with your project, your investment horizon and your ability to lose some of these savings. Do not invest unless you are prepared to lose all or part of your capital.

To go further, read our Financial Status, Media Transparency and Legal Notices pages.

Bitcoin (BTC), la capitulation a-t-elle eu lieu ? L

Bitcoin (BTC), has the capitalization happened? Vincent Ganne’s analysis

Ethereum et Polygon disponibles sur Phantom !

Ethereum and Polygon available on Phantom!