Coinbase Delists Yet Another Crypto Asset

November 8, 2023 11:32 am Comments

Coinbase has announced that it is delisting yet another crypto asset from its platform.

The centralized cryptocurrency exchange informed its customers that it would be delisting BSV on January 9th, 2024, and informed clients that they needed to liquidate or shift BSV balances outside of Coinbase by that date.

Failure to do so could result in a loss of funds. BSV is a fork of Bitcoin Cash and Bitcoin Cash is a fork of Bitcoin.

No official reason was given for the delisting of BSV, but this isn’t the first time Coinbase has delisted a digital asset recently.

The delisting may be due to regulatory pressures the centralized exchange is facing from bureaucrats. Here’s the letter Coinbase sent out to customers on Monday:

According to Cryptonomist:

The blocks on the BCH blockchain are significantly larger than those of bitcoin, allowing the queue of transactions waiting for confirmation to be cleared much faster.

In fact, recently the average fee per transaction on BCH has almost always been less than a cent, while on bitcoin it has almost always been over $1.

Here’s what members of the crypto community are saying after the recent announcement from centralized crypto exchange giant Coinbase.

Bein Crypto provided a price analysis for BSV:

The technical analysis from the daily timeframe shows that the BCH price accelerated its rate of increase since bouncing at an ascending support trendline on October 9 (green icon). This also caused a reclaim of the $40 horizontal area.

Join the conversation!

We have no tolerance for comments containing violence, racism, profanity, vulgarity, doxing, or discourteous behavior. If a comment is spam, instead of replying to it please click the icon below and to the right of that comment. Thank you for partnering with us to maintain fruitful conversation.