Delisting BSV: Is Kraken Paving The Way For The Future?

Yesterday, the popular Kraken Exchange announced its final decision to delist Bitcoin SV from its platform. This comes as a movement against unlawful actions which have been promoted by Craig Wright and Calvin Ayre, main sponsors and financiers of the project has been doing over the past few days.

On its official blog, the Exchange explained that the team at Bitcoin SV has manifested a series of unethical behaviours that threaten the general beliefs of the community. Bullying, fraud, threats, confusion and more are just a few parts of the inappropriate behaviours that both Wright and Ayre have been doing and it’s been going on for months.

“Over the last few months, the team behind Bitcoin SV have engaged in behaviour completely antithetical to everything we at Kraken and the wider crypto community stands for. 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.”

Kraken isn’t the only one pondering this decision though and other important platforms have also got rid of any association with the token. The most important so far though are Binance, BitForex, LiteBit, Shapeshift and Blockchain.com.

A lot of other key figures in the space have also spoken out about bitcoin SV. Tyler Winklevoss of Gemini Exchange jokingly commented that Gemini has never supported Craig Wright’s token.

The team at Kraken didn’t make this decision on purpose though. The Kraken Exchange took to Twitter to see what the community thinks about Bitcoin SV and whether they should delist it or not:

Should Kraken delist Bitcoin SV (BSV)? #delistbsv

— Kraken Exchange (@krakenfx) 15 April 2019

More than 70,500 people voted in the poll with 71 percent of them saying that it should be delisted due to its toxic nature.