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Binance delists Bitcoin SV (BSV) after Craig Wright controversial drama



Binance delists Bitcoin SV

Binance the world’s largest cryptocurrency exchange today announces that it is going to delist Bitcoin SV (BSV). As per the announcement, the exchange will delist all trading pair of BSV on April 22 at 10:00 AM UTC.

Binance CEO soon after the announcement tweets saying “Do the right thing.” 

The reason behind the delisting of BSV as shared by Binance is “At Binance, we periodically review each digital asset we list to ensure that it continues to meet the high level of standard we expect. When a coin or token no longer meets this standard or the industry changes, we conduct a more in-depth review and potentially delist it.”

Craig Wright who is the man behind the BSV has claimed that he is the original Satoshi Nakamoto. He has sent legal cease-and-desist letters to those who claim that he is not the original Satoshi.

Peter McCormack, the host of the podcast “What Bitcoin Did” also got legal notices from Wright. In a series of follow up tweets, CZ said “Craig Wright is a fraud,” that “the real Satoshi can digitally sign any message to prove it.”

As Binance is the largest exchange so the impact will also be large, as soon after the announcement the price of BSV drops almost 10% and currently trading at $69 on Binance. 

While the price of Bitcoin Cash jumps more than 15% soon after this announcement. At the writing, it is trading at $320 on Binance.

Soon after the delisting of Bitcoin SV by Binance, another crypto exchange Kraken started a poll on Twitter asking users, Should Kraken delist Bitcoin SV (BSV)?

Kraken poll to delist Bitcoin SV

In order to know the opinion till now, we choose the 4th option which is don’t care (see results). Out of 9910 votes, 76% choose to delist it saying it’s toxic. Still, 23 hours are remaining for the users who have not polled yet.

Disclaimer: Koinalert’s content is only for information purpose in nature and should not be considered as investment advice. Do your own market research before investing in any cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.

Ashish is a cryptocurrency journalist who has been passionately involved in the bitcoin space since 2016. His interests lie in bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.