._BitcoinSV's token dropped after Robinhood said it will end support for the token on Jan. 25. _jocelynyang_ reports
Users can buy, sell, send and hold BSV until the deadline, Robinhood said in a Wednesday email to customers andon its website. Any BSV in a Robinhood crypto account after the deadline will be sold for market value, it said.
Robinhood’s decision was based on its regular review of cryptocurrencies offered, the email said. It didn’t specify the reason why it ended support for the token and declined to comment on the decision process for individual assets. “We have a rigorous framework in place to help us regularly review the crypto we offer on Robinhood,” a spokesperson told CoinDesk in a statement. “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.”from the Bitcoin Cash blockchain, which in turn was a hard fork of the original Bitcoin blockchain.
BSV’s price dropped more than 15% following the announcement, falling from $44 to as low as $37. It had risen to $39 as of press time.
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