On Monday (April 15), just hours after Binance announced its decision to delist Bitcoin SV (which has the ticker BCHSV on that exchange), ShapeShift CEO Erik Voorhees said that his exchange had also decided to delist Bitcoin SV. And the next exchange set to follow suit seems to be Jesse Powell’s Kraken exchange.
On Friday (April 12), Changpeng Zhao (aka “CZ”), Co-Founder and CEO of Binance, had threatened to delist Bitcoin SV via the following tweet:
Craig Wright is not Satoshi.
Anymore of this sh!t, we delist! https://t.co/hrnt3fDACq
— CZ Binance (@cz_binance) April 12, 2019
Furthermore, when told in one reply that he might get sued by Australian computer scientist and Bitcoin SV advocate Craig Steven Wright, CZ had explained that he was not worried:
oh, and it won't be the first time, and we learned a few things. The losers pay for our lawyer fees. We have a number of very good/expensive lawyers.
— CZ Binance (@cz_binance) April 12, 2019
The problem for most people is, you have to front the legal costs, which can mount to millions of dollars. Fortunately, we can deal with it.
One of the key problem with most legal systems around the world today.
— CZ Binance (@cz_binance) April 12, 2019
Then, earlier today (April 15), CZ decided to follow up on his threat when he sent out this tweet to announce that he had decided to “do the right thing” and delist Bitcoin SV:
Do the right thing. https://t.co/z7HGsAZnmR
— CZ Binance (@cz_binance) April 15, 2019
As CryptoGlobe reported, Binance’s announcement said that the exchange had decided to “decided to delist and cease trading on all trading pairs” for Bitcoin SV on April 22 at 10:00 UTC.
Well, Binance’s announcement really put the pressure on all the other exchanges, and the first one to follow Binance’s lead (after only a few hours) and decide to also delist Bitcoin SV was ShapeShift. CEO Erik Voorhees made the announcement via this tweet:
We stand with @binance and CZ's sentiments. We’ve decided to delist Bitcoin SV #BSV from @ShapeShift_io within 48 hrs.
— Erik Voorhees (@ErikVoorhees) April 15, 2019
As for which excange will be next to follow suit, the clear frontrunner appears to be the Kraken exchange, which conducted the following Twitter poll around two hours after Binance’s announcement:
Should Kraken delist Bitcoin SV (BSV)? #delistbsv
— Kraken Exchange (@krakenfx) April 15, 2019
And with 28,697 votes cast so far and 75% asking for Bitcoin SV to be delisted, it seems like Kraken has already made the decision to delist and just wants to have a good justification for it. Binance CEO, who sent the following tweet just minutes after Kraken’s poll was created, also seems quite sure that Kraken CEO Jesse Powell will want to show unity by also delisting Bitcoin SV:
Oh. @jespow will do it. I have a feeling… #crypto industry is tighter and stronger you think. https://t.co/ZbDutMiE9e
— CZ Binance (@cz_binance) April 15, 2019
As for other crypto exchanges, one exchange that does not need to worry about if/when it should delist Bitcoin SV is Gemini, as Co-Founder and CEO Tyler Winklevoss explained:
JUST IN: @Gemini never listed $BSV in the first place.
— Tyler Winklevoss (@tylerwinklevoss) April 15, 2019
Of course, there are also those members of the Crypto Twitter community, such as Nic Carter (co-founder of blockchain analytics startup Coinmetrics.io) , who feel that to clean up the crypto space, many more coins/tokens should be delisted from exchanges:
If fraud from the chief promoters is sufficient reason for a delisting from Binance… almost everything should be delisted
— nic carter (@nic__carter) April 15, 2019
We're still in the wild west era of cryptocurrency, like it or not totally unregulated, unaccountable exchanges are the kingmakers. I for one am excited for this to change.
— nic carter (@nic__carter) April 15, 2019
Nic also expressed concern over the great power over the crypto markets that large exchanges such as Binance have:
to be clear, Binance was absolutely right to delist BSV because a tiny minority hashrate coin is incredibly insecure and liable to be exploited. but it also does evidence how much power exchanges have
— nic carter (@nic__carter) April 15, 2019
