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://ibn.fm/17S0V
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.
InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent.
As part of its service, InvestorWire provides coverage of noteworthy announcements. To further expand visibility of achievements being made throughout a multitude of sectors, InvestorWire’s syndication partners have extended the digital coverage to include individual broadcasts on financial websites and platforms visited by millions of investors daily.
For more information, please visit https://www.investorwire.com
InvestorWire is part of the InvestorBrandNetwork