Binance delisting Bitcoin SV (BSV) is forcing other exchanges like Kraken and Shapeshift to follow. Let’s take a look at the implications of this unprecedented move for the world’s biggest exchange.
‘Satoshi’s Vision’ Should Have Seen It Coming
Yesterday, the biggest bitcoin exchange by volume, Binance, announced it would delist Bitcoin SV (BSV) in a stunning move. Citing the failure to meet high standards, CEO Changpeng ‘CZ’ Zhao pulled the plug on the altcoin claiming to be the ‘original’ Bitcoin.
CZ first issued a warning last week after BSV financiers Craig Wright and Calvin Ayre threatened to sue a member of the Bitcoin community for libel.
“Craig Wright is not Satoshi,” Zhao retaliated. “Anymore of this sh!t, we delist!”
Bit the sh!t kept flowing. Ayre and some other BSV supporters even urged the CEO to follow through with the threat calling Binance “a scammy bucket shop.”
Finally, Binance dropped the bomb on Monday, which CZ said was “the right thing” to do.
The news was largely…