In line with a recent official ‘announcement‘ by the firm, renowned international cryptocurrency exchange Binace has officially declared that it’ll be delisting BSV [Bitcoin SV] within the upcoming next week.
The exchange added that as of 22nd April, it’ll delist and stop commercialism on all trading pairs for BSV — on the exchange below the ticker BCHSV. Within the post, Binance explained that it formally reviews assets listed on its platform “to make sure that the assets continues to fulfil the high level of standards that we expect.” The firm went on to clarify that it solely delists a coin after another in-depth review, outlining “we believe this best protects all of our users.”
The exchange listed responsiveness to its due diligence requests, level & quality of the coin’s development as well as “evidence of unethical / fallacious conduct” among the factors that it takes into consideration before delisting any cryptocurrency.
The exchange conjointly outlined that it’ll support withdrawals of the coin till 10:00 a.m. [UTC] 22nd April.
This move comes simply a couple of days after Binance CEO ‘Changpeng Zhao’ – ‘tweeted‘ a warning that the exchange might delist BSV due to its creator’s behaviour:
“Craig Wright isn’t Satoshi. Anymore of this sh!t, we will delist!”
The tweet is expectedly a reaction to BSV founder ‘Craig Wright’s’ – ‘infamous‘ within the industry for his multiple claims to be Bitcoin [BTC] creator ‘Satoshi Nakamoto’ – recent action against Hodlnaut, the Twitter user behind the Lightning Torch initiative.
As reported earlier, Wright had set a $5,000 USD bounty in BSV for the data concerning the identity of Hodlnaut. The cryptocurrency community reacted on Twitter by adding #WeAreAllHodlonaut hashtag, to show support for the presently deleted twitter user. The community conjointly reacted to CZ’s warning by asking numerous exchanges to delist BSV and creating a #DelistBSV hashtag.
Wright was supposedly driven by the anonymous Twitter user mentioning him as a fraud, accusing him of incorrect claiming to be Nakamoto.
Binance is presently the world’s ‘3rd largest‘ cryptocurrency exchange by daily trade volumes, observing around $1000 Mln in trades over the past 24-hours to reporting time.
However, BSV is presently trading at a price ‘$56.38 USD‘, down close to around 21.47% on the day at the reporting time.