Coinbase issued a statement stating that it no longer supports Bitcoin SV (BSV). Any BSV assets in a user's Coinbase account have been liquidated and converted to the equivalent market value of another supported digital asset, net of any transaction costs, deposited into the account. After accounting for transaction costs, users may not receive any compensation for the remaining BSV liquidated in their accounts due to market fluctuations.
Previously, Coinbase announced that it would stop supporting BSV on January 9, 2024. Users need to withdraw BSV funds before this date. If the withdrawal is overdue, Coinbase will automatically convert the balance into other supported digital assets of equal value and return it to the account after deducting transaction costs. Unwithdrawn BSV funds may result in tax liability, and users are responsible for the relevant taxes.