Crypto Exchange Kraken Delists Bitcoin SV, Following Community Poll

Kraken, the United States based crypto exchange, has decided to delist bitcoin SV (BSV), created by hard forking bitcoin cash. The firm announced the aforementioned delisting on April 16.

Kraken mentioned, in an official press release, that Bitcoin SV has been showing entirely antithetical conduct to everything, they at Kraken and the wider cryptocurrency community stands for. In the wake of the above facts, the digital asset exchange has taken a decision to delist the crypto asset. Notably, BSV was the outcome of a hard fork in the bitcoin cash network last November.

It is to be noted that the cryptocurrency exchange has taken the delisting decision subsequent to a Twitter poll yesterday. In the poll, the exchange asked the community’s opinion about whether it should delist Bitcoin Satoshi’s Vision.

The crypto exchange cited protean conduct such as deceitful claims, intimidation and legal action as the catalyst behind the controversial delisting. Interestingly, Kraken’s decision follows in the steps of several big exchanges like ShapeShift and Binance. The aforementioned exchanges dropped the cryptocurrency earlier this week.

Changpeng Zhao, the CEO of Binance, had beforehand warned Craig Wright, the infamous Australian computer scientist. CZ forewarned Craig that if he continues his controversial behavior, Binance would delist Bitcoin SV.

It is to be noted that Wright is Bitcoin SV’s most committed supporter and self-proclaimed bitcoin inventor Satoshi Nakamoto.

Following the warning, Binance dropped Bitcoin SV after Wright set a $5,000 bounty in BSV for information concerning the real identity of Hodlnaut. Notably, Hodlnaut is the Twitter user behind the recent bitcoin “Lightning Torch” charity event.

Furthermore, as a result of the delistings, Bitcoin SV’s price has suffered considerably. At the time of reporting, the cryptocurrency is down by around 30% on the week, as per CoinMarketCap. Also, BSV is having a market capitalization of around $999 million and changing hands at a price of $56.35, at press time.

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CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin10,891.54 0.27 % 2.19 % 18.05 %
Ethereum308.74 0.22 % 0.22 % 13.55 %
XRP0.464 0.51 % 1.94 % 7.38 %
Litecoin135.76 0.42 % 3.29 % 0.32 %
Bitcoin Cash474.42 0.06 % 1.75 % 9.55 %