Coinbase Is Removing Support For Bitcoin SV, Warns Holders To Withdraw Or Risk Getting Liquidated

Coinbase Is Removing Support For Bitcoin SV, Warns Holders To Withdraw Or Risk Getting Liquidated

Grand News Network / November 7, 2023 4:00 AM

Coinbase Global Inc (NASDAQ:COIN), the largest cryptocurrency exchange in the United States, has announced that it will be completely removing support for Bitcoin SV (CRYPTO: BSV).

What Happened: In a notice to its customers, Coinbase stated that if users fail to withdraw their BSV funds, any remaining BSV in their Coinbase accounts will be liquidated.

Coinbase confirmed to Decrypt, a cryptocurrency news outlet, that support for BSV is being deprecated. "If you fail to withdraw your BSV funds, Coinbase will liquidate any remaining BSV remaining in your Coinbase account," the notice said.

Bitcoin SV is a cryptocurrency that emerged in November 2018 as a result of a hard fork from Bitcoin Cash, another spin-off of the original Bitcoin. Hard forks occur when a blockchain splits into two, either as a planned upgrade or due to disagreements among ...

Full story available on Benzinga.com


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