Users of popular stock and crypto trading app Robinhood believe the platform was founded by Craig Wright. Bitcoin SV (BSV) altcoin He is reacting to the announcement that he will be delisted on January 25.
Robinhood Will Delist Bitcoin SV (BSV) And Sell Its Users Altcoins From January 25
All BCVs held on the platform by customers after the set deadline will be “sold at market value and deposited into Robinhood wallets,” a Robinhood spokesperson said in a statement.
The change comes as part of Robinhood’s routine review of crypto products, meaning that BSV will continue to be tradable in the app until the deadline. However, it was also emphasized that investors residing in Hawaii, Nevada and New York have limited powers to trade BSV.
A spokesperson for Robinhood also said:
“We offer cryptocurrencies We have a rigorous framework that helps us review it regularly… No other coins are affected by this change and all our clients’ cryptocurrencies stay safe on Robinhood. We are extremely selective about the assets we offer…”
The price of the BSV altcoin has lost approximately 10% of its value from $44.96 on the day and is trading at $40.93 at the time of this writing.
Bitcoin SV was created by the notorious Craig Wright, who claimed to be the founder of Bitcoin, Satoshi Nakamoto, as a hard fork of Bitcoin Cash. Wright had been involved in numerous legal battles with those who challenged his claim to the Bitcoin throne. For this reason, many investors support the removal of BSV from popular exchanges.
*Not investment advice.
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