![]() ![]() Therefore, the Bitcoin SV will make up some part of the remaining $1.216 billion held on behalf of customers. However, Bitcoin, Ethereum, and Dogecoin make up the bulk of the holdings at $8.145 billion. It is unclear what percentage of this figure is related to Bitcoin SV. Why is Robinhood delisting BSV?Īccording to Robinhood’s latest filings, the platform holds $9.36 billion in crypto across all assets. Therefore, BSV will have traded on Robinhood for roughly five years when it is removed. I have been tracking this, and so far I am progressing well.”īSV was added to Robinhood in November 2018 following the BCH fork, with BSV distributed to all BCH holders at the time. “While I cannot say I have been perfect here, I am managing to listen first and talk after much more. However, he did tweet several motivational quotes from Benjamin Franklin and Plato, adding, Thus, many investors are cheering for the removal of BSV from popular exchanges.Ĭraig Wright has made no direct comment on the delisting, which has coincided with a significant sell-off of BSV. Wright has positioned himself within numerous legal battles with those who have challenged his claim to the Bitcoin throne. Bitcoin SV and Craig Wrightīitcoin SV is a hard fork of Bitcoin Cash and was created by the infamous Craig Wright, who claims to be Satoshi Nakamoto, the founder of Bitcoin. However, the price decline for Bitcoin is still well above the $17,000 mark as the retracement failed to mirror the losses of BSV. Bitcoin is also experiencing a ‘red day’ with the flagship crypto dropping 0.91%. We are extremely selective about the assets we offer…” ![]() “We have a rigorous framework in place to help us regularly review the crypto we offer… No other coins are affected by this change and all of our customers’ crypto remains safe on Robinhood. The Robinhood spokesperson further stated, However, it also highlighted that investors residing in Hawaii, Nevada, and New York have limited capabilities to trade BSV. The change comes as a part of Robinhood’s routine review of its crypto products, meaning BSV will continue to be tradeable on the app until the deadline. 25.Ī Robinhood spokesperson further told CryptoSlate that any BCV held on the platform by customers after the deadline will be “sold at market value and credited to their Robinhood buying power.” Users of the popular stock and crypto trading app Robinhood are reacting to the announcement that the platform will delist Craig Wright’s Bitcoin SV ( BSV) on Jan. ![]()
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