ShapeShift to Follow Binance in Delisting Bitcoin SV, Kraken Is Considering It Too

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Tula, Russia - JANUARY 27, 2019 ShapeShift cryptocurrency exchange website displayed on smartphone screen. - Image

Cryptocurrency exchange ShapeShift is set to delist Bitcoin SV from its trading platform, and in doing so, follows the footsteps of Binance.

Kraken may also remove the cryptocurrency from its platform as most of its users believe Bitcoin SV is toxic to the sector.

First Binance, Now ShapeShift

Cryptocurrency exchange ShapeShift will follow the footsteps of Binance and delist Bitcoin SV. The CEO of the exchange, Erik Voorhees tweeted a few hours ago that they stand with Binance and its decision to remove Bitcoin SV. In solidarity, ShapeShift will be removing the cryptocurrency from its trading platform within 48 hours.

ShapeShift supporters on the thread were excited by this move, with some of them claiming that the real Satoshi would have wanted Bitcoin SV to be removed from the cryptocurrency exchange.

‏Blokt reported yesterday that the Binance CEO, Changpeng Zhao (CZ), followed through with his threat to remove Bitcoin SV from the exchange. This came after CZ issued a warning, threatening to delist Craig Wright’s cryptocurrency, Bitcoin SV if he doesn’t stop his false claims of being Satoshi Nakamoto.

Binance claims that unethical or fraudulent conduct led to the ban of Bitcoin SV. While Wright had claimed on several occasions that he is Satoshi, the majority of the cryptocurrency community don’t believe that.

Kraken Considers Delisting Bitcoin SV

While ShapeShift has decided to ban Bitcoin SV, Kraken is asking its customers to determine the fate of the cryptocurrency. In a Twitter poll, Kraken asked if it should delist Bitcoin SV. At the moment, it seems the chances are high that the cryptocurrency would be removed from Kraken.

At the time of writing this report, 72 percent of the respondents want Bitcoin SV delisted as they believe it is toxic. Meanwhile, 3 percent think it is awesome, another 4 percent say it shouldn’t be delisted, and 21 percent don’t care what happens.

Changpeng Zhao is confident Kraken will delist Bitcoin SV. In his tweet, he stated that Jesse Powell, the CEO, and co-founder of Kraken would remove the cryptocurrency from the exchange. CZ, in an apparent jab at Bitcoin SV and its supporters, added that the cryptocurrency industry is tighter and stronger than they think.

Similar to ShapeShift, most of the comments on Kraken’s thread encourage the platform to ban Bitcoin SV. However, some are calling for Bitcoin Cash to be removed as well as they consider BSV and BCH to be the most significant attacks on crypto.

Would Other Exchanges Ban Bitcoin SV?

Binance is the largest cryptocurrency exchange in the world, and its decision to delist Bitcoin SV would carry a lot of weight. ShapeShift and Kraken are set to follow Binance’s footsteps, and a few other crypto exchanges could do the same.

It is safe to say that Craig Wright is not a popular figure in the crypto space due to the roles he played at Bitcoin Cash and Bitcoin SV, and because of his claims of being Satoshi Nakamoto.

If other exchanges delist Bitcoin SV, then the cryptocurrency could experience a torrid time as most investors and traders would dump it. At the moment, BSV is down by 21 percent over the past few hours, and it could plunge even lower in the coming days.

Tyler Winklevoss, the co-founder, and CEO of Gemini had this to say about listing BSV:

ShapeShift to Follow Binance in Delisting Bitcoin SV, Kraken Is Considering It Too was originally found on copy trading cryptocurrency | Tech, Privacy, Bitcoin & Blockchain | Blokt.