Coinbase Wallet will no longer be supporting the following assets and networks due to low usage: BCH, ETC, XLM, and XRP.”
The cryptocurrency firm Surprised Users with its Announcement today, stating the four major tokens that will no longer be supported by the platform. The announcement stated, “As of December 5th, 2022, Coinbase Wallet will no longer be supporting the following assets and networks due to low usage: BCH, ETC, XLM, and XRP.”
The release continued by affirming to customers that, “This does not mean your assets will be lost.” They added, “Any unsupported asset that you hold will still be tied to your address(es) and accessible through your Coinbase Wallet recovery phrase.”
Conversely, Coinbase supports a vast array of networks. Those include Ethereum and EVM-compatible networks, Polygon, BNB Chain, and Optimism. Conclusively, the reasoning behind why XRP has been unsupported outside of Coinbase’s claims of low usage has been unspecified.