Kraken Just Now Disabled Bitcoin SV Trading, Price Continues To Decline

The Kraken exchange has followed several other exchanges in the decision to delist Bitcoin Cash SV (BSV), a move that has accelerated since Craig White’s decision to send legal notices to Twitter users and the likes of Vitalik Buterin and Peter McCormack.

Bitcoin SV (BSV) trading is now disabled. Open orders will be canceled shortly. Please withdraw all BSV by May 31st, 2019. https://t.co/rmnfS2HIog

— Kraken Exchange (@krakenfx) April 29, 2019

The exchange joins Binance and ShapeShift in delisting the token, which will no doubt hurt the token. The company referred to Wright’s actions and the litigation against the exchange by the token’s supporters, saying in the blog post,

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.

The price of the Bitcoin Cash SV token has declined since the whole incident surrounding Hodlonaut, and the cryptocommunity has banded together in their defense of the latter. Morgan Creek co-founder and bitcoin pproponen, Anthony Pompliano, had earlier called on exchanges to delist the BSV token on May 1, and it looks like exchanges are heeding the call.

Binance has also delisted the token, after CEO Changpeng Zhao asked Craig Wright to show some restraint or else risk having the token delisted.

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