Binance Delists Bitcoin SV (BSV), ShapeShift Follows Suit

In what will come as a huge blow to the Bitcoin SV community, major cryptocurrency exchange Binance has decided to delist the coin. Binance will cease trading for Bitcoin SV (BSV) and its trading pairs on April 22nd, 2019. The exchange has stated that it does not ‘meet the high level of standard’ that it expects.

The delisting comes just days after Binance CEO Changpeng Zhao (CZ) expressed his anger on Craig Wright’s behaviour:

Craig Wright’s Actions Spark Protest on Crypto Twitter

Craig Wright is the creator of the controversial cryptocurrency BSV. He earned the wrath of the cryptocurrency community after multiple claims of him being Satoshi Nakamoto, the creator of Bitcoin. Wright was attacking other Twitter users who had been calling him out for his false claims on being Satoshi.

The community was especially furious after he placed a $5,000 bounty on finding the real identity of the Twitter user hodlonaut, who had started the Bitcoin Lightning Torch movement and made statements against Wright. It had sparked a social movement on Crypto Twitter where the community adopted the hashtag #WeAreAllHodlonaut to show support for the user. The community also created a #DelistBSV hashtag.

In addition, Wright also sent legal notices to a lot of the community members, including Peter McCormack, the host of the popular podcast “What Bitcoin Did”. McCormack has filed a response to his notice.

ShapeShift to Delist BSV

Following Binance, ShapeShift exchange is also going to delist BSV. Its CEO Erik Voorhees tweeted yesterday that BSV will be delisted in the next 48 hours.

Kraken to Follow Suit?

Cryptocurrency exchange Kraken may also be in the process of delisting BSV. It ran a poll on Twitter asking the community whether it should delist BSV. The results were not surprising.

This delisting from prominent exchanges will be hard on the investors who have put their money in the project. While the stand seems correct from an ethical standpoint, some users also pointed out that it showcases the power centralised exchanges have in the industry. What do you think?

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