BitGo will be adding Bitcoin SV to our platform. This new coin was created in the November 15th Bitcoin Cash hard fork. In the interest of providing access to funds, clients will be able to transfer Bitcoin SV from their BitGo multi-signature wallet.
BCH hard forks twice a year to facilitate software upgrades, but this hard fork was different; the community could not come to a consensus on the direction of BCH. With the November 15th fork, BitGo supported the dominant chain, Bitcoin Cash, and shared real time updates with clients. From the time of the fork until now, Bitcoin SV was secure in BitGo wallets, but wasn’t available to clients through the BitGo platform.
BitGo evaluates hard fork events based on a range of criteria including technical stability, market capitalization, liquidity, cost, and timing. At this time, preserving value for our customers is our predominant concern. However, we have reservations about Bitcoin SV regarding our objective internal coin support criteria. As such, BitGo plans to facilitate access to BSV funds for at least three months. We will reevaluate as the situation evolves and publish updates as they become available.
Please contact support@bitgo.com for any questions regarding recovery of BSV funds. We would love to hear from our partners and clients regarding coin support.
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BitGo is the leading infrastructure provider of digital asset solutions, delivering custody, wallets, staking, trading, financing, and settlement services from regulated cold storage. Since our founding in 2013, we have focused on enabling our clients to securely navigate the digital asset space. With a large global presence through multiple regulated entities, BitGo serves thousands of institutions, including many of the industry's top brands, exchanges, and platforms, as well as millions of retail investors worldwide. As the operational backbone of the digital economy, BitGo handles a significant portion of Bitcoin network transactions and is the largest independent digital asset custodian, and staking provider, in the world. For more information, visit www.bitgo.com.
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