Coinbase Wallet to Delist 4 Tokens Including Ripple, Bitcoin Cash

·

In a significant move reflecting shifting market dynamics, Coinbase Wallet has announced it will cease support for four major cryptocurrencies: Bitcoin Cash (BCH), Ethereum Classic (ETC), Stellar (XLM), and Ripple’s XRP Ledger (XRP). The change took effect in January 2023, marking a strategic pivot by one of the largest digital asset platforms toward prioritizing high-usage tokens.

According to an official notice published on its support website, Coinbase cited “low usage” as the primary reason for delisting these assets from its non-custodial wallet service. While the decision impacts accessibility within the Coinbase Wallet app, it does not affect trading or holding capabilities on Coinbase.com or the Coinbase Exchange platform.

Why These Tokens Were Removed

The delisting decision underscores a broader industry trend—consolidation around dominant and actively used blockchain networks. Though all four tokens played notable roles during the 2017 crypto bull run, their relevance and adoption have waned over time.

Despite their diminished presence in the Coinbase Wallet interface, users retain full ownership of their assets.

“Owners will not lose their assets,” Coinbase clarified. “Unsupported assets remain tied to their blockchain addresses and can be accessed during a recovery phase.”

To manage these tokens post-January 2023, users must migrate to alternative non-custodial wallet providers that continue supporting these networks.

👉 Discover secure ways to manage your crypto portfolio beyond mainstream wallets.

How to Access Your Delisted Assets

If you hold any of the delisted tokens—BCH, ETC, XLM, or XRP—in your Coinbase Wallet, here’s what you need to know:

  1. Your funds are safe: They remain on the respective blockchains and are linked to your private keys.
  2. You’ll need a new wallet: Use a non-custodial solution such as Trust Wallet, Exodus, or another provider that supports these networks.
  3. Recovery process: Export your seed phrase or private key from Coinbase Wallet (if available) and import it into the new wallet. Always verify network compatibility before sending assets.
  4. Verify incoming transfers: Coinbase warns users to “double-check that Coinbase Wallet supports the network you are receiving assets from,” otherwise, received funds may become inaccessible.

This step is crucial—not just for these four tokens, but for any future interactions with decentralized applications (dApps) or peer-to-peer transactions.

Impact on Users and Market Perception

While the delisting doesn’t remove these assets from circulation, it signals reduced institutional confidence in their long-term utility within consumer-facing platforms.

A PYMNTS study surveying 2,300 U.S. consumers found relatively low ownership rates for these tokens:

However, broader interest in cryptocurrency use for everyday spending remains strong:

These findings suggest that while niche assets may lose platform support, overall consumer appetite for practical crypto integration is growing.

👉 Explore how next-gen wallets are reshaping digital finance experiences.

Frequently Asked Questions (FAQ)

❓ Does this mean my XRP or BCH is no longer valuable?

No. Delisting from Coinbase Wallet does not erase the value or functionality of these tokens. They continue to operate on their respective blockchains and can be traded on other exchanges or held in compatible wallets.

❓ Can I still trade these tokens on Coinbase?

Yes—but only on Coinbase.com and the Coinbase Exchange app. The delisting applies exclusively to the Coinbase Wallet (non-custodial) product. Trading and custodial services remain unaffected.

❓ What should I do if I want to keep using these tokens?

Transfer them to a supported non-custodial wallet. Ensure the new wallet explicitly lists support for Bitcoin Cash, Ethereum Classic, Stellar, or XRP Ledger before initiating any transfers.

❓ Why did Coinbase choose to delist based on “low usage”?

Platforms optimize user experience by focusing on widely adopted assets. Low-usage tokens increase technical overhead without proportional user benefit. This allows Coinbase to streamline updates, security patches, and feature rollouts.

❓ Is this a sign these cryptocurrencies are failing?

Not necessarily. While declining platform support is a challenge, many factors—including community strength, development activity, and real-world use cases—determine long-term viability. XRP, for instance, maintains active partnerships in global payments infrastructure.

Core Keywords Integration

Throughout this article, we’ve naturally integrated key search terms aligned with user intent:

These keywords reflect common queries from users navigating changes in wallet compatibility and asset management—ensuring both SEO performance and genuine utility.

👉 Stay ahead of wallet updates and manage multi-chain portfolios efficiently.

Final Thoughts

The delisting of Bitcoin Cash, Ethereum Classic, Stellar, and Ripple’s XRP from Coinbase Wallet is less about the death of these projects and more about platform optimization. As the crypto ecosystem matures, users must become more proactive in managing their digital assets across multiple networks and tools.

While convenience often drives adoption, true ownership means understanding where your assets live—and ensuring they remain accessible regardless of third-party changes.

Whether you're holding legacy coins or exploring emerging chains, staying informed and agile is essential in today’s decentralized landscape.