Coinbase announces its wallet will stop supporting BCH, ETC, XLM and XRP, citing ‘low usage’

United States-based cryptocurrency exchange Coinbase has said that starting on Dec. 5, the Coinbase Wallet will no longer support four major tokens.

On Nov. 29, Crypto Twitter users posted screenshots of help pages on the Coinbase app, saying that the wallet would no longer support Bitcoin Cash (BCH), XRP (XRP), Ethereum Classic (ETC), and Stellar (XLM) as well as their networks. The crypto firm cited “low usage” of the four tokens in its decision to stop support starting on Dec. 5.

“This does not mean your assets will be lost,” said the announcement. “Any unsupported asset that you hold will still be tied to your address(es) and accessible through your Coinbase Wallet recovery phrase.”

Source: Coinbase

This story is developing and will be updated.