Coinbase Wallet will stop supporting BCH, ETC, XLM and XRP, citing 'low usage'

Coinbase's exchange previously said it would delist XRP in 2021 due to the SEC's legal actions against Ripple Labs.
Coinbase's exchange previously said it would delist XRP in 2021 due to the SEC's legal actions against Ripple Labs.

Starting on Dec. 5, the Coinbase Wallet will no longer support four major tokens.

In a Nov. 29 notice on its help pages, Coinbase said the wallet will 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.