Coinbase has halted its support for BSV and users' BSV assets have been liquidated into other equivalent assets.

BlockBeats news on February 3rd reported that Coinbase has announced that it will no longer support Bitcoin SV (BSV). Any BSV assets in users' Coinbase accounts have been liquidated and converted into an equivalent market value of another supported digital asset, which will be deposited into their accounts after deducting any transaction costs. Due to market fluctuations, users may not receive any compensation for the remaining BSV in their accounts after liquidation and transaction costs are taken into account. Previously reported by BlockBeats, on November 7th, 2023, Coinbase announced that it would stop supporting Bitcoin SV (BSV) on January 9th, 2024. Users must withdraw their BSV funds before this date. If they fail to do so, Coinbase will automatically convert the balance into an equivalent value of other supported digital assets, deduct transaction costs and return the funds to their accounts. Any unclaimed BSV funds may result in tax liability, and users are responsible for any related taxes and fees.