Kraken Follows Binance, to Delist Bitcoin SV

The exchange will stop BSV trading on April 29.

Kraken has joined the feud between Craig Wright and the Bitcoin community and decided to delist Bitcoin SV.

The decision was driven by the recent behavior of the coin’s promoter as the exchange termed it “antithetical.”

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In the April 16 announcement, the US-based exchange noted: “Over the last few months, the team behind Bitcoin SV have engaged in behavior completely antithetical to everything we at Kraken and the wider crypto community stands for.”

“It started with fraudulent claims, escalating to threats and legal action, with the BSV team suing a number of people speaking out against them. The threats made last week to individual members of the community were the last straw.”

Before finalizing the decision, Kraken conducted a poll on Twitter in which more than 70,000 community members participated.

The announcement detailed that the digital asset exchange will close all deposits on April 22 followed by the cessation of trading on April 29. However, customers can withdraw their funds until May 31.

More to follow?

The trend of delisting Bitcoin SV was started by Binance after its CEO Changpeng Zhao warned Wright to stop controversial behaviors towards the crypto community.

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The self-proclaimed Satoshi Nakamoto continued his actions and announced a $5,000 bounty to anyone who discloses the identity of the Twitter user “Hodlnaut,” the organizer of the “Lightning Torch” charity.

Binance delisted Bitcoin SV from its platform on April 15, calling its promoter “a fraud.”

Binance’s action was also followed by ShapeShift as the platform also announced to delist Bitcoin SV.

The digital currency is legit

OKEx, the largest digital asset exchange in terms of adjusted volume, however, decided to continue listing Bitcoin SV after a “rigorous” review of the coin “in terms of technology development, liquidity, and compliance.”

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