After the series of delistings from major exchanges, Kraken will be also delisting Bitcoin SV (BSV).
As per their press release, the US-based crypto exchange stated the decision of the cryptocurrency delisting was because of the antithetical to Kraken’s value.
Just before this decision, the exchange asked its community if they should delist BSV or not. Around 50k followers voted that it must be delisted because it’s toxic.
Should Kraken delist Bitcoin SV (BSV)? #delistbsv
— Kraken Exchange (@krakenfx) April 15, 2019
The #delistBSV movement
Bitcoin SV (BSV) is a Bitcoin Cash hard fork. It is mainly associated with the controversial Craig Wright who claims that he is the father of Bitcoin, Satoshi Nakamoto.
The critical event behind the creation of the movement #delistBSV was due to Wright threats in taking legal actions against ‘hodlaunaut’ critics on Twitter. After gathering major steam during last week, the leading cryptocurrency exchange Binance announced its delisting of Bitcoin SV from its trading platform. The delisting from Binance will be on April 22nd. However, Binance is far from being the only exchange platform taking a stand against BSV. Actually, ShapeShift has also announced that Bitcoin SV will be delisted from its platform. Erik Voorhees, CEO of ShapeShift, has stated he is supporting the website https://weareallhodlonaut.com/. In addition, he supported Binance decision by tweeting:
— Erik Voorhees (@ErikVoorhees) April 15, 2019
“See you guys at zero”
Until now, BSV price has decreased significantly from around $75 to $55. However, the price can be lower. In fact, for other platforms, the pressure is still mounting in order to delist the cryptocurrency. Ironically, many of the crypto community claim that ‘BSV holders must prepare for incoming tears’.