ETC, XRP, and XLM No Longer Supported by Coinbase Wallet

"Low usage" is among the reasons given by the company as to why it has decided not to support those tokens anymore.

ETC, XRP, and XLM No Longer Supported by Coinbase Wallet

In an update posted on the Coinbase website, the crypto exchange announced that it would no longer be supporting the native tokens associated with Bitcoin Cash (BCH), Ethereum Classic (ETC), Ripple's XRP Ledger (XRP), and Stellar (XLM), effective on Dec. 5.

On 5 December, assets will no longer be supported, although users with balances can withdraw with a recovery phrase.

The exchange cited "low usage" as a reason for delisting the four coins, which rose to prominence in 2017.

The market capitalization of XRP (Ripple) remains at $19.6 billion, while the 24-hour trading volume of nearly $1 billion across all exchanges, according to CoinGecko, makes it the seventh-largest cryptocurrency in the world.

The two most popular cryptocurrencies – bitcoin cash (BCH) and ether (ETH) – have lost significant amounts of their total market share since they were introduced over five years ago because they are forked versions of the two most popular cryptocurrencies.

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