Another major crypto exchange Kraken is delisting bitcoin SV (BSV) amid an ongoing social media fight between alleged cryptocurrency’s creator Craig Wright and the popular names of the crypto space.
San Francisco headquartered Kraken revealed on Tuesday that it will delist Bitcoin SV and no longer support BSV, quoting community sentiment the ongoing lawsuit against the exchange by the legal advisors of the coin. According to the announcement the cryptocurrency exchange will disable BSV deposits on April 22. In addition the trading will be ceased on all trading pairs from April 29 and withdrawals will stop from May 31.
The move was initiated soon after the announcements earlier this week by two other prominent cryptocurrency exchanges, Binance and ShapeShift, that they were delisting BSV in response to Wright’s behavior.
Earlier this week CoinMark reported, Changpeng Zhao [CZ], Binance’s CEO, tweeted on hid official Twitter handle that Wright is “poisoning” the bitcoin community. He claimed himself as the bitcoin’s pseudonymous creator, Satoshi Nakamoto.
The prominent cryptocurrency exchange Kraken was already negatively inclined towards BSV even before the kerfuffle began. During December last year bitcoin cash when it got split into bitcoin cash ABC and bitcoin cash “Satoshi Vision” in the contentious hard fork, mining company based in Florida, United Investment Corp moved a federal legal action against a group of accused for backing the ABC version. The accused included Kraken and its CEO Jesse Powell.
Earlier this week on 15 April, Kraken conducted a poll on its official Twitter account, asking its users and other individuals and investors to vote for or against delisting BSV. At the time of press, the poll shows that around 70,545 users voted, 71 percent supporting delisting, seven percent opposing and 21 percent not caring.
Powell explained, “We at Kraken have our own strong opinions, and it’s like a bubble, so putting out a poll was the opportunity to get other people’s opinions.”
Representing the Kraken exchange Powell explained that if majority of the votes was casted in favor of holding BSV at Kraken, it wouldn’t have been delisted, but if the polls were indefinite or 50/50, the coin would still have been delisted.
The exchange has other tokens including Namecoin and Iconomi in the past. The Namecoin was delisted due of its low volume and the need to support a technically troublesome upgrade at some period. Kraken stopped trading Iconomi because the protocol was changed by its creators immediately.