Last November, Bitcoin Cash underwent a fork that created two new viable chains: Bitcoin Cash ABC (BCH) and Bitcoin Cash SV, now simply known as Bitcoin SV (BSV). While many moved on with their lives following the fork, investors on Coinbase have been forced to wait over 2 months to even hear news of their funds.
Thankfully, the long wait is now over, as Coinbase announced on Thursday that users can now access their BSV — a mere 76 days later than Binance users. However, Coinbase does not support the purchase or sale of BSV, so investors can only withdraw the altcoin to an external address.
We have now begun emailing customers that held Bitcoin Cash (BCH) at the time of the hard fork with instructions on how to withdraw their corresponding Bitcoin SV (BSV). Read more here: https://t.co/2PLKq2Kjcd
— Coinbase Support (@CoinbaseSupport) February 14, 2019
Between the time that BSV was launched and Coinbase allowed users access, the price has dropped from roughly $140 to $63.47, a 54.6% drop. While it’s better late than never, many investors have expressed their dismay over the length of the period and lack of announcements.
BSV currently holds a $1.1 billion market cap, which ranks it behind BCH, which stands at $2.14 billion.
Photo: Marco Verch / Flickr
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.