Coinbase, America’s largest cryptocurrency exchange, announced its plans to end support for Bitcoin SV (BSV) on its platform.
This decision comes more than two years after the exchange initially delisted BSV from trading.
Coinbase Sets Deadline for BSV Withdrawals
According to the announcement, Coinbase will cease to support the BSV asset as of early next year, and users are urged to take action before January 9, 2024, to safeguard their holdings.
The notice stated, “Users are able to withdraw BSV funds until support for the asset is deprecated on January 9, 2024, at or around 12 p.m. ET. If you fail to withdraw your BSV funds, Coinbase will liquidate any remaining BSV remaining in your Coinbase account.”
Coinbase further mentioned that the liquidated funds would be converted into the cash equivalent market value of another digital asset, with a warning that they may be subject to tax liability.
Coinbase finally saying goodbye to BSV pic.twitter.com/o1FxAqgy6J
— Alex Gladstein
We współpracy z: https://cryptopotato.com/bsv-slides-below-50-as-coinbase-ends-of-support-for-bitcoin-sv/
