Coinbase Drops Support for Bitcoin SV
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Coinbase has announced that it will no longer support the altcoin Bitcoin SV (BSV) as of January 9, 2024. Users are advised to withdraw any BSV holdings from the platform before this date.
Failure to do so will result in automatic conversion to other cryptocurrencies at the current rate, with any additional costs falling on the wallet owners.
Coinbase has also stated that it will not compensate traders for any losses resulting from this delisting. Bitcoin SV emerged in November 2018 after a hard fork in the Bitcoin Cash network.
Its current rate sits at $49, with a market capitalization of $943.743 million.
As a result of its delisting, Bitcoin SV will drop from 51st place to being unranked among the largest cryptocurrencies.
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