Cryptocurrency exchanges vs Bitcoin SV
Binance and ShapeShift cryptocurrency exchanges announced that they would delist the controversial Bitcoin SV, supported by Craig "False Satoshi" Wright. Other crypto services are likely to follow them and stop supporting Bitcoin SV.
Binance, one of the largest cryptocurrency exchanges in the world, announced that it would Bitcoin SV, which appeared as a result of a hard fork in the Bitcoin Cash network last year. BSV will be delisted on 22 April at 10:00 AM UTC.
“Based on our most recent reviews, we have decided to delist and cease trading on all trading pairs for the following coin on 2019/04/22 at 10:00 AM UTC,” Binance wrote.
Binance explained that it periodically re-evaluates every digital asset traded on the exchange in order to ensure that it meets Binance's high standards and requirements for listed cryptocurrencies. Such standards include the team’s commitment to the project, the level and quality of the project development, network and smart contract stability, level of public communication, responsiveness to our periodic due diligence requests, evidence of unethical or fraudulent conduct, contribution to a healthy and sustainable crypto ecosystem. Binance did not specify what requirements Bitcoin SV does not meet.
The withdrawal of funds in Bitcoin SV will be available to users until 22 July 2019.
Following Binance, ShapeShift announced it supported the decision made by Binance.
“We stand with Binance and CZ's sentiments. We’ve decided to delist Bitcoin SV from ShapeShift within 48 hrs,” ShapeShift CEO Eric Voorhees tweeted.
Cryptocurrency wallet bitcoin.com also reported that it decided to stop supporting Bitcoin SV.
A few more exchanges may join Binance, Blockchain.com and ShapeShift soon. Kraken launched a survey in Twitter asking its subscribers to vote on the issue. According to preliminary results of the survey, attended by more than 20,000 accounts, 75% of users support the decision to delist Bitcoin SV.
Meanwhile, OKEx announced that it does not plan to remove BSV from its listing.
“According to the OKEx Token Delisting and Hiding Guideline, BSV currently does not meet our delisting criteria. As such, OKEx has no intention to delist BSV for the time being."
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