untitled design

Robinhood Ends Support for Bitcoin SV

According to the statement of representatives of Robinhood, the decision was made after the next evaluation of the crypto assets offered to users on the online platform.

Robinhood has announced that it will no longer support Bitcoin SV blockchain tokens as of 6:59 pm ET on January 25th.

“We have a rigorous methodology in place to help us regularly review the crypto assets we offer on Robinhood,” the company said.

The Robinhood team did not comment on the process of selecting specific assets for evaluation and did not explain the reason for the end of support for the BSV token. The statement says that at the expiration of the term, all BSV tokens remaining in the balance of a Robinhood Crypto user account will be sold at the market rate, and the proceeds will be credited to Robinhood client accounts.

In 2021, the OKCoin cryptocurrency exchange announced the delisting of Bitcoin forks – Bitcoin Cash and Bitcoin SV – on its platform. The reason was the fact that beginners often confuse these cryptocurrencies with real bitcoin. In August of the same year, a successful “51% attack” was carried out on the Bitcoin SV blockchain network, the essence of which is to obtain more than 50% of the hashrate in blockchains using PoW, or 50% of coins in blockchains using PoS.

Source: Bits

You may also like

The trader named 25 promising coins
Top News
David

The trader named 25 promising coins

Trader Xremlin, popular in the crypto community, published a selection of the 25 most promising, in his opinion, small-cap cryptocurrencies.

Get the latest

Stay Informed: Get the Latest Updates and Insights

 

Most popular