On December 5, Coinbase Wallet will cease accepting Bitcoin Cash (BCH), Ethereum Classic (ETC), Ripple’s XRP Ledger (XRP), and Stellar (XLM) native tokens.
Read CRYPTONEWSLAND onThe assets mentioned above will no longer be supported on December 5. However, users with balances can withdraw beyond that date using a recovery phrase.
Coinbase cited “low usage” as the basis for delisting the four coins, all of which rose to prominence during the 2017 bitcoin bull market.
This does not mean your assets will be lost. Any unsupported asset that you hold will still be tied to your address(es) and accessible through your Coinbase Wallet recovery phrase. In order to view or transfer these assets after Jan. 23rd, you will need to import your recovery phrase on another non-custodial wallet provider that supports these networks.
The exchange has also delisted XRP, one of the top 10 cryptos, from its exchange listing. At the time of writing, XRP trades at $.39 with a huge market capitalization of almost $20 billion. Additionally, the market capitalizations of ETC, BCH, and XLM crypto are over $2 billion each.
In other news, On November 29, Huobi made an announcement about its collaboration with TRON, DMC Labs, and the Commonwealth of Dominica. The government of Dominica approved the three platforms to issue Dominica Coin (DMC), the country’s official coin, and Digital Identity (DID). Holders of DMCs will receive Dominican digital citizenship.
The crypto market is buzzing with potential as the bull run of 2024 takes hold.…
Choosing the right project is as important as investing during the right window, hence investors…
Shiba Inu's price surges with $5.16M SHIB transferred to Coinbase. Recent Bor and Heimdall upgrades…
🚀 Jump into opportunity! Explore 5 cryptocurrencies ready to soar amidst market lows. #CryptoInvesting #Bitcoin…
The surge in interest and investment suggest that understanding these options could be key to…
Bitgert is sending shocking waves to the crypto community through its availability of unwavering developments…