ShapeShift, Kraken to Delist Bitcoin SV while OKEx says BSV Doesn’t Meet its Coin Removal Criteria

Yesterday, cryptocurrency exchange Binance officially announced the delisting of Bitcoin SV (BSV) from next week as it stated that the cryptocurrency doesn’t meet its standards which its CEO Changpeng Zhao attributed as,

“Do the right thing.”

Binance and CZ aka Changpeng Zhao received a lot of praise and encouragement from the crypto community as Cardano founder Charles Hoskinson said,

“I'm really proud of CZ and binance. They stood up for the entire community against bullying and fraud. I hope more exchanges follow and we can end this dark chapter in Crypto's history.”

Now, ShapeShift and Kraken is following Binance’s footsteps as both makes move towards delisting BSV.

Meanwhile, Kraken is holding a poll to decide whether it should delist BSV and there is a strong possibility BSV will be delisted from this exchange as well. At the time of writing, majority of the voters that is 72 percent voted for “yes, it’s toxic” followed by “I don’t care” that got 21 percent votes. Only 3 percenters voted for “No, it’s awesome” while 4 percent goes for

“No, need price discovery.”

CZ believes Kraken will do it which at this point seems like a sure deal as he says, “Oh. jespow will do it. I have a feeling… crypto industry is tighter and stronger you think.”

However, OKEx has decided not to delist BSV as it doesn’t meet its delisted criteria. The cryptocurrency exchange announced that it has conducted a rigorous review on BSV in terms of technology development, liquidity, and compliance, and “has no intention to delist BSV for the time being.”

With the way things are going, it won’t be long when the majority of the exchanges will remove BSV from their platforms.

However, looks like Craig Wright’s associate Calvin Ayre is planning an exchange specifically for Bitcoin SV.

The effect of delisting can be already seen as it drops down more than 21 percent while trading at $56 while falling to the 14th position on Coinmarketcap. But looks like, this is turning out good for Bitcoin Cash (BCH), which is the only crypto among the top cryptocurrencies that is in the green and up by 5.49 percent.

Bitcoin SV (BSV) is the hard fork of Bitcoin Cash (BCH) that came into existence in November last year only. But with BSV delisting, people are now looking to put BCH into the limelight and put it in the queue behind BSV.

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