- Coinbase has announced that it will remove support for Bitcoin SV (BSV) next year.
Coinbase, the largest cryptocurrency exchange in the USA, has announced that it will delist Bitcoin SV (BSV) from its trading list on January 9, 2024.
According to Coinbase:
“As a reminder, we will be retiring support for Bitcoin SV (BSV) on or around 12:00 PM ET on January 9, 2024.
Coinbase customers in eligible jurisdictions have the ability to send Bitcoin SV (BSV) funds through their Coinbase accounts until support for this asset is discontinued.
See Also: KuCoin Lists Crypto Project Bittensor (TAO) On Its Trading Platform
After the sunset date, all BSV funds in your Coinbase account will be liquidated and converted to the then-equivalent market value of another supported digital asset and credited back to your account, less transaction costs.
BSV is not available for trading and BSV deposits are not enabled. Any BSV funds sent/deposited to Coinbase wallets may result in loss of funds.”
As a reminder, we will be deprecating support for Bitcoin SV (BSV) on January 9, 2024 at or around 12pm ET. https://t.co/Zkd27RVkGW
— Coinbase Assets 🛡️📞 (@CoinbaseAssets) December 21, 2023
Coinbase customers holding Bitcoin SV (BSV) are therefore advised to either trade their holding or sell it to avoid any loss.
This move is coming shortly after Uphold crypto exchange announced that it would delist Dogecoin, Shiba Inu, and Cardano from its platform.
Last month, Binance delisted 10 trading pairs including Tornado Cash token (TORN), which led to a 45% drop in the token price.
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