Forex and Crypto News

Kraken follows Binance and delists Bitcoin SV

09:45 17 April /2019

On April 16, the press service of the cryptocurrency exchange Kraken announced the delisting of the Bitcoin SV (BSV).

This decision was made after consulting the platform administration with its followers on Twitter. Kraken launched a poll in which most Twitter users voted to delist this digital asset.

It’s worth noting that earlier the Binance Exchange made a similar decision, and a supporter of Bitcoin, Anthony Pompiano, called on all trading platforms to remove BSV from the list to the beginning of May.

71% of survey participants conducted by the Kraken administration supported the view that the Bitcoin SV coin is “toxic”.

The blog of the trading platform says that the BSV team has a policy that does not coincide with the mission of the cryptocurrency exchange.

The message says:

It started with fraudulent claims that grew into threats and lawsuits when the BSV team sued those people who opposed it. The threats voiced last week by individual members of the community were the last straw

On April 22, deposits will be disabled, and from April 29, the exchange will stop all operations with Bitcoin SV. Kraken users must withdraw funds until the end of May. The cryptosphere has a bright future and no place for bad actors, the team of the trading floor summed up.

Currently, Bitcoin SV continues to lose ground in the market. On April 17, the coin fell by almost 13% to $54.6, and its capitalization decreased to $969.154 million.

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