Robinhood Stops Trading Bitcoin SV – Price Crashes

Well-known trading platform Robinhood warned its clients today that it will soon end support for Bitcoin SV. The platform also announced that it would completely scrap the trading pair later this month.

Why does Robinhood stop trading Bitcoin SV?

According to a update Robinhood users will no longer be able to buy, sell or send Bitcoin SV after January 25. The remaining BSV tokens in customer accounts will be automatically sold after that date and users will receive that money as credit. The company gave the following reason for its decision:

“We have a rigorous framework in place to help us regularly review the cryptocurrencies we list on Robinhood,” the company said. “While we are not discussing the process for assets on an individual basis, based on our latest review, we have decided to end support for Bitcoin SV.”

The Bitcoin SV price has dropped by more than 10 percent due to the announcement, so that 1 BSV token still costs ‘only’ $ 39 at the time of writing. So there is little left of price, especially if you keep in mind that the price was still at a record high of $489 in April 2021.

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