Kraken Becomes the Latest Exchange to Delist Bitcoin SV

Kraken Becomes the Latest Exchange to Delist Bitcoin SV

In what is quickly becoming a major news story, Kraken joined several other major exchanges and delisted Bitcoin SV from its platform. Kraken’s decision follows similar action taken earlier by Binance and Shapeshift.

Described as an escalating feud by industry analysts, the rift between a prominent Bitcoin SV advocate, Craig Wright and powerful members of the cryptocurrency community has already damaged the coin’s value. On Tuesday, the coin was trading at less than 80% of its value in the previous week.

Kraken had already hinted to a possible delisting, and through an online poll asked its users for their opinion on the matter. Threats and legal bullying by Wright and others have turned the crypto community against Bitcoin SV. The poll garnered more than 70,000 votes, with a clear majority in favour of delisting. Interestingly, the majority of the rest of voters signaled disinterest in the subject, with less than 10% opposing the move.

This is certainly not the first delisting of the exchange, with other notable names including Namecoin and Iconomi. These coins were delisted due to low volume and a change in protocol. Bitcoin SV marks what is probably the first delisting by a major exchange which is not directly due to the currency’s performance or management.

It looks like Bitcoin SV has a difficult future ahead, as community members seem eager to see it delisted from other exchanges too.

Kraken stated that deposits of the token will no longer be accepted as of the 22nd April, with trading ceasing on April 29 and withdrawals disabled on the 31st May.

Register for Latest Updates & News

We respect your email privacy

Subscribe now to recieve exclusive updates and offers!

Recently Similar News

Latest Guides

Latest News

11 Biggest Sponsorships Deals for the Crypto Market in 2021

The global sports industry is looking to revamp its activities and recover from the after-shocks of the COVID-19 pandemic. Cryptocurrency platforms on the other hand have enjoyed immense growth and are searching for big platforms that can provide better brand visibility. That’s where sports and crypto make a perfect match with many global sports organizations […]

1 December, 2021

ChangeNOW Unveils a New Cashback Feature

ChangeNow offers crypto users smooth exchanges and doesn’t stop there. The exchange platform provides registered users a chance to profit from crypto swaps with cashback in NOW tokens through the ChangeNOW website. The cryptocurrency exchange and processing platform offer you an effortless way to turn your traffic into profit and boost your crypto journey. The […]

15 November, 2021

Celsius Casino is Raising the Temperatures with a Voluminous Game Lobby

Celsius Casino has become a go-to gaming destination for casino fans looking for an action-packed online gaming platform. The online casino boasts a robust game catalogue with over 4,000 games. The extensive game portfolio caters to Slots, Table Games, and Live Casino fanatics and is powered by well-known providers such as Evolution Gaming, NetEnt, and […]

9 November, 2021

ChangeNOW Has Announced the Release of its Own Digital Wallet

Limitless and swift crypto exchange platform ChangeNOW has released its own non-custodial NOW Wallet, facilitating fiat to crypto purchases and reliable crypto transactions from the comfort of a mobile phone. NOW Wallet is available in beta version for both iOS and Android devices and allows users to transact with over 20,000 currency pairs, regardless of […]

29 October, 2021
BitPanda,Bonus,token

BitPanda Enhances Its BEST Rewards Programme

The EU-based cryptocurrency exchange, BitPanda, has improved its loyalty programme, BEST Rewards. It is now providing owners of its BitPanda EcoSystem Token (BEST) an additional 12% in potential revenue each year. Every registered BitPanda user who has BEST in his or her wallet and carries out at least one monthly trade will be eligible for […]

25 October, 2021
ChangeNOW,Decentralised,Fraud

ChangeNOW’s AML Action Lead To The Return Of $15M COMP

Earlier this week, ChangeNOW announced that it was able to identify and return 45,505 COMP back to Compound. The estimated value of this recovery is around the $15m mark. This remarkable achievement is further proof of the effectiveness of the exchange’s Anti-Money Laundering (AML) procedures. In an announcement made on ChangeNOW’s website, the company provided […]

6 October, 2021
CFD Trading Platform,eToro,Trading

eToro Lowers The FTD Minimum Across Several Countries

eToro, the social trading and multi-asset platform, has decided to lower the minimum first time deposit, or FTD. Until further updates, users who sign up today using the link below will be able to fund their trading account with as little as $50. This offer is only valid to users in selected countries. To participate […]

24 September, 2021
ChangeNOW,Cryptocurrency,Investment

ChangeNOW Launches The NOW Tracker App

The young, but fast-growing online cryptocurrency exchange, ChangeNOW, has just announced the release of its latest product. The NOW Tracker is a free asset management app that lets users keep track of their coins and tokens across different wallets. Available on Google Play and the App Store, NOW Tracker is flexible and functional. This solution […]

9 September, 2021