Latest News

End of ETC, BCH, XRP, and XLM support in the Coinbase wallet

According to a recent business blog post, the leading cryptocurrency exchange in the United States, Coinbase Global Inc., revealed that as of January 2023, its wallet would no longer handle Ethereum Classic (ETC), Bitcoin Cash (BCH), XRP, and Stellar (XLM).

Users will still be able to access their assets on this wallet using a recovery phrase, according to Coinbase, which stated that the modification — which was initially planned to go into effect on Dec. 5 — was caused by “low usage.”

The exchange forewarns customers that they risk losing their unsupported assets if they attempt to send or receive them on the site.

The largest of the four, XRP, increased 5% to US$0.49 in the 24 hours leading up to 10:30 a.m. in Hong Kong, despite the bearish sentiment surrounding these tokens. All four tokens gained in Wednesday morning trading in Asia along with most of the major tokens. In the same period, there was a minimum 2.2% increase in ETC, BCH, and SLM.

XRP in particular may have caught some investors off guard because, according to CoinMarketCap, it is currently the seventh-largest cryptocurrency by market cap.

As the deadline for filing summary judgments by both parties approaches in the U.S. Securities and Exchange Commission (SEC) lawsuit against Ripple Labs Inc., whose payment network is powered by XRP, XRP has received a lot of attention recently.

Since their inception, BCH and ETC, two forks of the two most popular cryptocurrencies, Bitcoin and Ethereum, have had erratic usage. ETC experienced a spike in interest prior to the eagerly awaited Ethereum Merge, but it has lost more than 50% of its value since August and is currently trading at $20.38 as of Wednesday morning.


Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.