Cryptocurrency Q&A
Can you still hold XRP on Coinbase?
Can you still hold XRP on Coinbase?
Eleonora
Mon May 27 2024
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7 answers
1844
Could you kindly clarify for me, is it still permissible to maintain holdings of XRP on the Coinbase platform? Given the recent developments and regulatory uncertainties surrounding this particular cryptocurrency, I'm somewhat apprehensive about its future on such exchanges. Could you enlighten me on the current status of XRP on Coinbase and whether it's advisable to continue holding it there? Thank you for your assistance in this matter.
7 answers
Riccardo
Wed May 29 2024
BTCC, a UK-based cryptocurrency exchange, offers a range of services that cater to the diverse needs of the crypto community. Among its offerings are spot trading, futures trading, and a secure wallet service.
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Giulia
Wed May 29 2024
On February 20th, 2023, a significant announcement was made by Coinbase Wallet, a leading cryptocurrency wallet service provider. The announcement detailed the discontinuation of support for several assets and networks due to their low usage.
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GwanghwamunPride
Wed May 29 2024
Among the affected assets were BCH, ETC, XLM, and XRP. These digital currencies, while once popular, had seen a decline in usage over time, leading to the decision by Coinbase Wallet to discontinue support.
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Carlo
Wed May 29 2024
Holders of these assets were reassured that their holdings would remain secure. The assets would continue to be tied to their respective addresses and would remain accessible through the use of the Coinbase Wallet recovery phrase.
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CryptoPioneer
Wed May 29 2024
This change by Coinbase Wallet reflected the dynamic nature of the cryptocurrency market. As new technologies and currencies emerge, older ones may fall out of favor, leading to changes in support and adoption.
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