Coinbase Delists XRP, Bitcoin Cash, Ethereum Classic, And Steller

By
Tobi Opeyemi Amure
Tobi
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Tobi is a freelance crypto writer at Investopedia. He aims to simplify the complex concepts of blockchain and cryptocurrencies for the masses.
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Published November 30, 2022
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America’s biggest exchange Coinbase (COIN) announced to delist of Ripple's XRP, Bitcoin Cash (BCH), Ethereum Classic (ETC), and Steller (XLM) from its wallet product, citing “low usage.”

Key Takeaways

  • Coinbase to delist XRP, Bitcoin Cash, Ethereum Classic, and XLM. 
  • These assets won't be available from January 2023.
  • Users with these cryptocurrencies in their balance won't lose it and can recover it through the "Coinbase Recovery Phase." 


Ripple’s XRP Ledger (XRP), Bitcoin Cash (BCH), Ethereum Classic (ETC), and Stellar (XLM) will no longer be available for users to buy, sell, and trade, and it will be effective from January 2023, said Coinbase. It also added that users with these crypto assets on their balances wouldn't lose them and be able to recover them via the "Coinbase Recovery Phase." 

One of the not-to-be-supported assets, XRP— the 7th largest cryptocurrency with a market capitalization of over 20 billion— is currently facing an ongoing case with the SEC. Ethereum Classic (ETC) is the 25th-largest coin by market capitalization and a spinoff of Ethereum. It was created after the DAO hack in 2016. Bitcoin Cash (BCH) is a Bitcoin spinoff aimed at allowing more transactions and decreasing transaction fees and time. Steller (XLM) is an open-source, decentralized payment network.

Coinbase's move for delisting these assets isn’t explicit yet, but if something is certain, it’s that Coinbase doesn’t have issues against these assets and even supported XRP over its heating case with the SEC.

Article Sources
Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy.

  1. Help.coinbase.com. “Supported assets and networks.” 

  2. Help.coinbase.com. “Supported assets and networks.” 

  3. Coingecko.com. "Cryptocurrency XRP Prices" 

  4. Reuters.com. “Coinbase joins crypto supporters siding with Ripple in SEC case.” 

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