Notable Decision from Coinbase: Wallet Support is Ending for These 4 Altcoins

According to a recent update, Coinbase Wallet, the wallet app of major crypto exchange Coinbase, will end support for the four major altcoins starting Dec.

The largest US-based cryptocurrency exchange Coinbase announced on November 29 that the wallet will no longer support Bitcoin Cash (BCH), XRP, Ethereum Classic (ETC), Stellar Lumens (XLM). The most notable asset of the list was XRP. Altcoin is currently the 7th largest crypto asset by market cap. It is surprising that such a large asset support is ending.

Coinbase Wallet statement

According to the leading crypto exchange, Coinbase has decided to stop supporting these assets due to “low usage” and this decision will be effective from December 5, 2022.

“This does not mean that your assets will be lost,” the announcement said. Assets that are in the hands of Coinbase users, but are no longer supported, can be accessed with the recovery words specified when creating the wallet.

You can follow the current price action here.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.

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