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CryptoNewsBreaks – Coinbase Global Inc. (NASDAQ: COIN) Digital Wallet Ends Support for Bitcoin Cash, Ethereum Classic

Coinbase Global (NASDAQ: COIN), a cryptocurrency exchange, announced that its digital wallet will no longer support the native tokens associated with Bitcoin Cash, Ethereum Classic, Ripple’s XRP Ledger and Stellar; that change will take effect on Monday, Dec. 5, 2023. The company did note that users with balances will still be able to withdraw their money after that date. According to the announcement, the exchange made the decision based on low usage of the digital coins and tokens, which gained public awareness during the 2017 cryptocurrency bull market. Despite the low use, XRP is the seventh-largest cryptocurrency with a market capitalization of $19.6 billion and 24-hour trade volume of almost $1 billion U.S., according to data from CoinGecko. Bitcoin Cash and Ethereum, both of which are forked or altered versions of Bitcoin and Ethereum, the two most popular cryptocurrencies, have seen a significant decline in value this year.

To view the full press release, visit https://ccw.fm/1LKdL

Coinbase Global Inc.

Coinbase Global is building the cryptoeconomy — a more fair, accessible, efficient and transparent financial system enabled by crypto. The company started in 2012 with the radical idea that anyone, anywhere, should be able to easily and securely send and receive Bitcoin. Today, Coinbase offers a trusted and easy-to-use platform for accessing the broader cryptoeconomy. Built for institutions, Coinbase integrates advanced agency trading, custody, prime financing, staking, staking infrastructure, market data and reporting that supports the entire transaction lifecycle. The company combines these capabilities with leading security, insurance and compliance practices to provide institutional clients with a full-service platform to access crypto markets at scale. For more information about the company, visit www.Coinbase.com.

About CryptoCurrencyWire (“CCW”)

CryptoCurrencyWire (CCW) is a financial news and content distribution company that provides (1) access to a network of wire services via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with CCW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled visibility, recognition and brand awareness.

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CryptoCurrency News Wire is where News, content and information converge via Crypto.

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