Major American cryptocurrency exchange Coinbase currently permits its users to withdraw Bitcoin SV (BSV) balances to external wallets, as per an announcement published on February. 14.
BSV appeared following a tough fork within the Bitcoin cash (BCH) blockchain in Nov of last year. The for resulted in 2 new coins; Bitcoin SV and Bitcoin ABC. The camp for Bitcoin SV (Satoshi’s Vision) was lead by Craig Wright, Australian computer scientist, who has antecedently declared him to be Bitcoin creator Satoshi Nakamoto.
After the hard fork, Coinbase users holding BCH received an equal quantity of BSV, but the exchange has, until now, not provided an option for users to withdraw their BSV. From currently on, Coinbase purchasers are ready to send their BSV balance to an external wallet. Coinbase noted in today’s announcement that it still doesn't supply services for purchasing or selling BSV on its platforms.
Following the hard fork, United States-based cryptocurrency exchange Kraken began supporting each forks of BCH, whereas warning that “custodial losses taken on because of attacks originating from nChain or its affiliates are going to be socialized among all BSV holders on Kraken. Given the volatile state of the network and threats that are made, Kraken cannot guarantee perfect custody of BSV.”
In January, cryptocurrency statistics and wallet provider Blockchain.com proclaimed it had launched partial support for BSV, letting its users have a number of the identical choices with BSV like its four other hosted cryptocurrencies — Bitcoin (BTC), BCH, Ethereum (ETH) and Stellar (XLM).
According to data from Top Market Cap, BSV has seen slight losses on the day, decreasing by 2.91 % and trading around $62.70 at press time. On its weekly chart, the altcoin saw its lowest price point at $61.50 on February. 8, and a high of $67.04 on February. 8 as well.
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