Coinbase is completely removing support for Bitcoin SV (BSV). 

America’s biggest cryptocurrency exchange said in a letter to customers who store the asset on the platform that their holdings will be liquidated unless they remove their coins by January 9. 

Coinbase delisted Bitcoin spin-off BSV—also known as Satoshi’s Vision—back in 2021 after the blockchain behind the coin suffered what’s known as a “51% attack” and the network became unstable. Coinbase clients have been unable to buy and sell the coin since then, but customers are still able to have it sitting in their wallets on the platform. 

“If you fail to withdraw your BSV funds, Coinbase will liquidate any remaining BSV remaining in your Coinbase account,” the notice read, adding that customers would have their BSV converted into another asset. Coinbase confirmed to Decrypt that support for BSV is being deprecated. 

Bitcoin SV is a cryptocurrency which was born in November 2018 after Bitcoin Cash—another spin-off from the oldest and biggest cryptocurrency—underwent a hard fork. 

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Author: Mathew Di Salvo

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