Cryptocurrency Q&A
Why did Coinbase delist BSV?
Why did Coinbase delist BSV?
Margherita
Sun May 26 2024
|
5 answers
812
Why did Coinbase decide to remove BSV from its trading platform? Could this be due to concerns about the underlying technology or the network's security? Has there been any regulatory pressure that influenced this decision? Alternatively, was it a business decision based on market demand or performance issues? It's intriguing to understand the reasons behind such a significant move by a leading cryptocurrency exchange. Could you please elaborate on the factors that led to this delisting?
5 answers
Elena
Mon May 27 2024
BTCC, a UK-based cryptocurrency exchange, offers a range of services that cater to the diverse needs of crypto enthusiasts. Its services include spot trading, futures trading, and a secure wallet solution.
Was this helpful?
87
88
CryptoAlchemyMaster
Mon May 27 2024
BSV, currently ranked 53rd in digital asset rankings, boasts a market capitalization of $967 million, as per CoinMarketCap, a renowned platform for cryptocurrency market data. This figure underscores the significant presence and value of BSV in the crypto ecosystem.
Was this helpful?
252
87
FireFlyer
Mon May 27 2024
However, in 2021, Coinbase made a pivotal decision to delist BSV from its platform. This move was prompted by a significant security incident involving the coin's underlying blockchain.
Was this helpful?
90
54
CryptoLegend
Mon May 27 2024
The incident, known as a "51% attack," occurred when a single entity or group gained control of over half of the network's hashing power. This allowed them to manipulate the blockchain, compromising the integrity and stability of the network.
Was this helpful?
257
72
Andrea
Mon May 27 2024
As a result of this attack, Coinbase deemed BSV to be a high-risk asset, unsuitable for trading on its platform. This decision reflected the exchange's commitment to maintaining a secure and trustworthy trading environment for its users.
Was this helpful?
126
73
