Tuesday, 12 November, 2019

Kraken Follows Binance, to Delist Bitcoin SV

Bitcoin BTC Kraken Kicks Bitcoin SV (BSV) to the Curb after Resounding Community Vote
Russell Knight | 18 April, 2019, 13:06

Cryptocurrencies are highly volatile assets and are very risky investments.

SBI further also states the effect on the exchange if Bitcoin Cash hard forks in the future. He had a great connection with the BSV founder Craig Wright.

Binance delisting followed the arguments of the crypto community when Binance CEO Changpen Zhao (CZ) warned that he would exclude BSV if Wright did not cease to claim that he was Satoshi Nakamoto.

As such, an online campaign against Bitcoin SV, dubbed #delistBSV, has been gathering steam during the last week.

While the list of cryptocurrency exchanges delisting Bitcoin SV (BSV) keeps on expanding with Binance, ShapeShift, and Kraken, SBI Virtual currency exchange, one of the licensed crypto exchanges of Japan have delisted Bitcoin Cash (BCH) out of nowhere. His claims haven't earned him many friends in the crypto community, including Changpeng Zhao who stated that the token could be delisted if his claims did not stop. Consequently, Bitcoin SV will be delisted from Binance on April 22nd. The first crypto exchange, Bitcoinmarket.com wasn't a big success, but Binance was. The exchange said that it would not delist Bitcoin SV as the project was not in a breach with the existing rules and requirements.

"Alongside other upstanding members of the community, and in consultation with more than 70,000 Kraken users, we have chose to delist Bitcoin SV", the company said. Expressing his views on Twitter, Luke Martin, the famous crypto trader, and analyst tweeted that majority of the crypto exchanges follow Binance. Over 70% of the participants answered that the coin was toxic and should be removed from the platform.

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As a result, several industry spectators are predicting that Bitcoin SV will see a marked drop in market price. Most of the top cryptocurrencies according to market capitalization are in GREEN today (Showing Gains) however, the only exception being BSV which is down by more than 9% in the last 24 hours, now trading at around $64 with signs of further declines.

Is BSV "headed for zero"?

Earlier, two other tokens were delisted by Kraken.

"$BSV bag holders prepare for incoming tears".

In the past Kraken has delisted other tokens, including Namecoin and Iconomi - the former because of its low volume and the need to support a technically onerous upgrade at some point, the latter because the protocol was changed by its creators.

But today, tables are turning somewhat as major Japanese financial services company, SBI Holdings, is holding onto Bitcoin SV, but is delisting Bitcoin Cash (BCH). Rasmus holds a Bachelor's Degree in Marketing from the Gothenburg School of Business, Economics, and Law and runs a Swedish marketing consulting firm. As such, OKEx has no intention to delist BSV for the time being.

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