Binance Delists BSV! Binance, the largest cryptocurrency exchange in the world, will delist the 12th largest coin Bitcoin SV (BSV) on April 22nd. Facing growing pressure to boot the coin, Changpeng Zhao “CZ” the CEO of Binance pulled the trigger.
Calvin Ayre and Craig S Wright, the two figurehead leaders of the BSV project have been serving “legal notices” to those who oppose Wright’s claim of being the original Satoshi Nakamoto. Peter McCormack and the account holder of the Twitter handle Hodlonaut have been served legal notices. Ayre has warned that many more “trolls” will face action if they continue.
Zhao has not been shy about letting the world know that he is not pleased with what’s been happening in the cryptocurrency world in reference to BSV. CZ has stated that if Craig Wright continued to keep up the tirade, BSV would be delisted from the exchange.
He exclaimed that this “is going too far” and that CSW’s claims of being Satoshi had been going on for a while. The Binance CEO even pointed out that BSV’s emergence in November 2018 was the critical reason for BTC’s decline under the crucial $6,000 mark. Zhao also confirmed that if he/Binance were served a legal notice by Ayre and cohorts, that “it won’t be the first time” and that the cost will not be a concern to him as the legal team at Binance “can deal with it”.
This morning, at 7:25AM, CZ retweeted a tweet from Binance stating “#Binance will Delist $BCHSV”, with CZ tweeting “Do the right thing.” CZ pulled the trigger – after relentless requests of the Binance users to pull the coin, and the BSV camp not backing down, Binance will no longer support trading of BSV.
The delisting comes as a severe blow to the BSV camp and its prospects of becoming the one-true virtual currency that “follows the original Satoshi Nakamoto whitepaper.” Meanwhile, as BSV continues to decline, its older brother, Bitcoin CASH (BCH) has seen massive growth over the past few weeks.
Binance isn’t the only exchange looking to kick BSV off their exchanges. Anthony Pompliano, the partner at Morgan Creek, appealed to other exchanges to delist BSV following the latest legal debacle.
The exchange’s official website cites several reasons for a coin or project being delisted, including lack of commitment to the project, level, and quality of the development activity, level of public communication, evidence of unethical or fraudulent conduct among other.
Binance has been on a delisting spree this year, having already delisted CloakCoin, Modum, SALT, Substratum, and Wings – all of which resulted in a massive drop in their price.
What do you think? Should Binance be delisting BSV? Do you have any BSV on the exchange? What’re your plans for it? Let us know on our Facebook page!