Coinbase officially ends Bitcoin SV support
Coinbase has finalized its actions to phase out Bitcoin SV from its list of support ed digital assets. Initially rumored in November 2023, the delisting became official when Coinbase announced it had deprecated support for Bitcoin SV (BSV). In a post on X, Coinbase advised users who still held BSV that their assets had been forcefully liquidated and converted into a different cryptocurrency available on the platform, albeit after the deduction of 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 The exchange also notified customers that the involuntary conversion process might not result in compensation, especially if their BSV holdings were minimal, given that transaction fees and market volatility could erode the asset’s value entirely. Coinbase further warned that after the deprecation date, it would remove the remaining ...