Wednesday, July 2, 2025

Coinbase Wallet Axes Support for Native Tokens Including BHC, ETC And XRP Due to Low Usage

Crypto users of Coinbase Wallet soon won’t be able to store native tokens linked to Bitcoin Cash (BCH), Ethereum Classic (ETC), Ripple XRP and Stellar (XLM), as the firm looks to phase them out over subdued usage.

According to the Coinbase website, the tokens will no longer be supported come January 2023 for its Wallet product, but users will get an amnesty period to withdraw their balances and transfer them to other wallets following the cutoff date. The date was initially set as December 5, however the company then discretely pushed the date into the new year. Coinbase blamed the delisting on “low usage,” following a burst of popularity during the pandemic-induced bull market.

The decision for the Wallet to no longer support the tokens reportedly does not impact the support of the listed tokens on Coinbase’s exchange.

Both BCH and ETC have failed to maintain their market share, as the economic slowdown prompted a distaste for riskier assets. XRP, meanwhile, is still the seventh-biggest cryptocurrency, boasting a market cap of around $19.6 billion as per data from CoinGecko.


Information for this briefing was found via Coinbase and the sources mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Gold Drilling Scaled to 60,000 Meters: How Big Can This Get? | Roger Rosmus – Goliath Resources

Baselode Energy To Acquire Forum Energy: The Merger Of Equals Deal

TriStar Gold: The Revised Castelo de Sonhos Prefeasibility Study

Recommended

ESGold To Expand Mine Building At Montauban In Advance Of Gold & Silver Production

Goliath Resources Expands 2025 Drill Program To 60,000 Metres

Related News

Coinbase Widens Net Loss In Q2 2022 At US$1.09 Billion, Bloats Asset Size Five Times By Assuming Liability Of Customers’ Assets

Coinbase Global (Nasdaq: COIN) reported its Q2 2022 financials, toplined by a quarterly net revenue of...

Wednesday, August 10, 2022, 12:21:00 PM

Coinbase Plummets After SEC Sues Crypto Firm

A Wells notice has finally materialized into a lawsuit as the Securities and Exchange Commission...

Tuesday, June 6, 2023, 08:51:39 AM

Coinbase Gets Trolled By The SEC

So things just got weird between the SEC and Coinbase (NASDAQ: COIN) after an interesting...

Thursday, September 9, 2021, 01:30:00 PM

Coinbase: Arbitration Case Against Firm Could Open The Door To Substantial Financial Exposure

A seemingly garden variety arbitration demand brought against Coinbase Global, Inc. (NASDAQ: COIN) by about...

Sunday, October 16, 2022, 09:00:00 AM

Coinbase Investment In Crypto Firms “Not A Factor” In Coin Listing Decision, Says CEO

Roped into a budding landmark legal battle with the Securities and Exchange Commission (SEC), Coinbase...

Monday, June 12, 2023, 11:42:00 AM