Binance Confirms Bitcoin SV Delisting

The Binance exchange this Monday announced the upcoming delisting of the Bitcoin SV cryptocurrency from its platform.

“Based on our most recent valuation of the asset, we decided to delist and stop trading the named coin in all pairs on April 22, 2019 at 10:00 AM UTC,” the exchange writes..

Binance cites the reasons for the delisting the same as in October, when four cryptocurrencies left its platform at once. According to the publication, the exchange periodically evaluates all assets circulating on it and may decide to delist any of them, “if it ceases to meet its criteria or there are changes in the industry.”.

These criteria include the interest of the project team, the quality and level of activity of developers, the stability of the network / smart contracts, the level of public communication and activity, responses to periodic checks of the exchange, evidence of unethical / fraudulent behavior, participation in the development of a healthy and sustainable cryptocurrency ecosystem..

At the same time, Binance does not provide a more substantive justification. Withdrawals in Bitcoin SV will be available until July 22, 2019.

Events unfold against the backdrop of an exacerbated conflict between Australian entrepreneur Craig Wright, who claims that he was hiding under the pseudonym of the creator of bitcoin Satoshi Nakamoto, and individual members of the cryptocurrency community, including Binance CEO Changpeng Zhao.

“We did the right thing,” wrote Zhao, commenting on today’s events..

Bitcoin SV lost about 8% amid this news.

Meanwhile, Bitcoin Cash, from which Bitcoin SV split in November last year, gained the same 8%.

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