Coinbase Wallet will stop supporting four major cryptocurrencies from December 5, according to a recent update.
In a notice on the 29th of November, Coinbase, the largest US-based crypto exchange, stated that the wallet will no longer support Bitcoin Cash (BCH), XRP, Ethereum Classic (ETC), Stellar Lumens (XLM) as well as their networks.
According to the top crypto exchange, it decided to stop supporting these assets due to “low usage” and this decision will be effective from December 5, 2022.
“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.”