Binance exchange has decided to delist and cease trading on all trading pairs for Bitcoin SV (BCHSV) starting from April 22nd, 2019.
It seems that Binance CEO wasn’t joking when he threatened to delist Bitcoin SV from the exchange.
Craig Wright is not Satoshi.
Anymore of this sh!t, we delist! https://t.co/hrnt3fDACq
— CZ Binance (@cz_binance) April 12, 2019
Exchange’s users will no be able to trade all the pairs for Bitcoin SV (BCHSV) starting from April 22nd, 2019 at 10:00 am (UTC).
The official statement reads:
“At Binance, we periodically review each digital asset we list to ensure that it continues to meet the high level of standard we expect,” the company wrote in a blog post. “When a coin or token no longer meets this standard, or the industry changes, we conduct a more in-depth review and potentially delist it. We believe this best protects all of our users.”
Why!? May cry out crypto community. While the reasons are obvious (especially for those familiar with the recent buzz around Craig Wright and his law suit letters), Binance camouflages its decision by presenting a number of factors they review to decide whether any coin is worth listing on this leading exchange, or not.
This being said, Bitcoin SV failed to prove its:
- Commitment of team to project
- Level and quality of development activity
- Network / smart contract stability
- Level of public communication
- Responsiveness to our periodic due diligence requests
- Evidence of unethical / fraudulent conduct
- Contribution to a healthy and sustainable crypto ecosystem
(The story will be continued shortly)
