Yes. YouTube, Vimeo, and most streaming sites work well, though 4K playback is not possible due to hardware limitations.
The recent news confirms that the situation is becoming permanent. In mid-2025, Google announced it was testing and launching versions of Chrome that require iOS 17. This will officially exclude a wide range of devices, including the iPhone X, iPhone 8, and earlier iPad Pro models. For devices on iOS 12.5.5, the end of support is essentially already here. Google Chrome For Ios 12.5 5- Download
While the "last compatible version" works, there are some trade-offs to be aware of: and most streaming sites work well