• Robinhood has announced it will delist Bitcoin SV (BSV) starting January 25th.
• Customers who hold Bitcoin SV in their accounts will have it automatically sold at market value.
• The decision is based on a rigorous framework that aims to make Robinhood Crypto the most trusted, lowest cost, and easiest to use on-ramp to crypto.
Online trading app Robinhood has announced that it will be delisting Bitcoin SV (BSV) starting on January 25th. The decision was arrived at after the company conducted a regular review of the cryptocurrencies that it offers.
Customers who hold Bitcoin SV in their accounts will have it automatically sold at market value and the proceeds will be given to the respective users. The company never gave a specific reason for dropping the cryptocurrency.
In a statement on its website, a spokesperson for Robinhood said, “We have a rigorous framework in place to help us regularly review the crypto we offer on Robinhood. We are extremely selective about the assets we offer as we build toward our goal of making Robinhood Crypto the most trusted, lowest cost, and easiest to use on-ramp to crypto.”
The move by Robinhood comes as the cryptocurrency space continues to develop and mature. The company is committed to providing its users with access to the most innovative investments, and its decision to delist Bitcoin SV is a decision to stay ahead of the game.
While the delisting of Bitcoin SV may come as a surprise to some, the company believes it is necessary to ensure the platform remains secure and reliable. By removing the cryptocurrency, Robinhood is able to ensure that its customers are getting the best possible experience when using the trading app.
For those interested in investing in Bitcoin SV, there are still many other platforms available to do so. However, Robinhood is committed to providing its customers with the most secure and reliable trading experience, and its decision to delist Bitcoin SV is a reflection of that commitment.