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Kraken Joins Other Exchanges in Delisting Bitcoin SV for “Toxic” Behavior

Kraken Joins Other Exchanges in Delisting Bitcoin SV for “Toxic” Behavior


Kraken Joins Other Exchanges in Delisting Bitcoin SV for “Toxic” Behavior

Major US cryptocurrency exchange Kraken has decided to delist Bitcoin SV (BSV) after polling its clients on Twitter over the past few days.

In a largely expected move given the response by other major exchanges, Kraken stated that BSV’s behavior was not in keeping with what it regards as ethical. The California based exchange’s official press release stated that BSV had “…engaged in behavior completely antithetical to everything we at Kraken and the wider crypto community stands for”

The alternative crypto’s popularity nosedived after pseudonymous cartoon space-cat “hodlonaut” was threatened with legal action for disputing the legitimacy Craig Wright’s claims to be the founder of Bitcoin.

Since Bitcoin SV forked from Bitcoin Cash in November of last year it has been on a downward spiral. Only major exchange OKEx is continuing to run against popular opinion with rumors that it may be forming a BitcoinSV-centric cryptocurrency exchange called Float SV, with a launch planned for later this month, although it remains to be seen if the tide against BSV is too much and it too caves in and delists, abandoning its offshoot exchange idea in the process.

The poll gathered over 70,000 votes, with 71% of respondents voting to delist the currency. Kraken didn’t hold back on their condemnation of the alternative crypto’s moves to attack those refuting Wright’s claim. Kraken added:

“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.”

 

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