New York, NY (February 3, 2024): Coinbase has completed its delisting of Bitcoin SV (BSV), finalizing a process initiated in November 2023.
Key Points:
- BSV Delisted: As of January 9, 2024, BSV is no longer supported by Coinbase.
- User Holdings Converted: Remaining BSV was forcibly liquidated and converted to other cryptocurrencies, with associated fees and potential tax implications.
- Controversy and Instability: BSV's history includes security concerns, market volatility, and recent 51% attacks, contributing to its delisting.
- Price Movement: Despite delisting, BSV trading volume spiked 102% in the last 24 hours, with a 2.6% price increase.
As a reminder, any BSV funds in your Coinbase account have been liquidated and converted to the equivalent market value of another supported digital asset and credited back to your account, minus any transaction costs.
— Coinbase Assets 🛡️📞 (@CoinbaseAssets) February 3, 2024
Further Information:
- Coinbase advised users in November 2023 to transfer BSV before the deadline.
- The exchange delisted BSV due to concerns over its security, stability, and user adoption.
- BSV's current price remains significantly below its all-time high.
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