American cryptocurrency exchange Coinbase will no longer support Bitcoin SV (BSV), per a recent post by the firm on X.
BSV No Longer Hosted on Coinbase
Coinbase has announced that it has deprecated support for BSV and effectively immediately, the coin will no longer be available on its trading platform. In effect, Coinbase customers can no longer have access to their BSV holdings and they are also not allowed to withdraw or deposit more of the coin in their wallets.
For those who previously held BSV on Coinbase and did not move the token even after receiving a warning from the crypto exchange, the assets would have been liquidated and converted to the market equivalent of another coin supported on Coinbase. The exact value of the new crypto will be credited to the user’s account, minus transaction costs.
We have deprecated support for Bitcoin SV (BSV). We appreciate your patience and cooperation. https://t.co/35AhSAerJt
— Coinbase Assets (@CoinbaseAssets) February 3, 2024
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