%Cryptocurrency exchange %Coinbase ($COIN) said its digital wallet will no longer support the native tokens associated with Bitcoin Cash (BCH), Ethereum Classic (ETC), Ripple's XRP Ledger (XRP) and Stellar (XLM), effective December 5th this year.
In an update posted to its website, Coinbase said that, while the various digital assets will no longer be supported as of December 5, users with balances will be able to withdraw their money after that date.
Coinbase cited “low usage” of Bitcoin Cash, Ethereum Classic and the other tokens as the reason for delisting them. Those digital coins and tokens each gained prominence in the 2017 cryptocurrency bull market.
XRP remains the seventh-largest cryptocurrency with a market capitalization of $19.6 billion U.S. and 24-hour trade volume of almost $1 billion U.S., according to data from CoinGecko.
Bitcoin Cash and Ethereum, which are forked or altered versions of the two most popular cryptocurrencies, %Bitcoin ($BTC) and %Ethereum ($ETH), have both declined sharply in value this year amid the ongoing rout in digital assets.
The price of Bitcoin Cash, for example, is down 75% this year at $112.80 U.S.
Coinbase’s stock is down 83% year-to-date at $43.11 U.S. per share.
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