The Expected Happened: Coinbase Pulls the Plug on Bitcoin Imitation Altcoin! Users’ Assets Sold

Cryptocurrency exchange Coinbase announced in its statement that it has stopped supporting the Bitcoin SV (BSV) altcoin on its platform.

In its previous statement, the exchange announced that it would end its support for the altcoin in question and asked exchange users to exchange all their BSV assets for other cryptocurrencies.

In its last official statement, Coinbase stated that users’ BSV assets were liquidated and their equivalents were converted into other digital assets on the exchange and transferred to their accounts. In addition, the exchange added that it charges transaction fees for these liquidation transactions.

However, the support offered to BSV, a very controversial altcoin, by the largest cryptocurrency exchange in the USA has also been cut. Bitcoin SV was founded by Craig Wright, who claimed to be the founder of BTC and claimed to be the real Bitcoin.

Craig Wright’s claim to be Satoshi Nakamoto, which is not currently accepted by the cryptocurrency market, has been weakened by the recent court results.

Although it is actually a Bitcoin imitation cryptocurrency, BSV still maintains its presence in the market and is the 52nd largest cryptocurrency in the world. The altcoin has a market value of $1.4 billion.

*This is not investment advice.