Users of the popular stock and crypto trading app Robinhood are reacting to the announcement that the platform will delist Craig Wright’s Bitcoin SV (BSV) on Jan. 25.
Robinhood further informed customers that any BCV held on the platform after the deadline will be sold at “market value, and the proceeds will be credited to your Robinhood buying power.”
The change comes as a part of Robinhood’s routine review of its crypto products, meaning BSV will continue to be tradeable on the app until the deadline. However, it also highlighted that investors residing in Hawaii, Nevada, and New York have limited capabilities to trade BSV.
The price of BSV opened on Jan. 11 at $44.95 but has fallen 16.97% as of press time to $37.29. Bitcoin is also experiencing a ‘red day’ with the flagship crypto dropping 0.91%. However, the price decline for Bitcoin is still well above the $17,000 mark as the retracement failed to mirror the losses of BSV.
Bitcoin SV and Craig Wright
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