- In an interesting turn of events, SBI holding delists BCH and continues BSV support.
- Binance was the first crypto exchange to announced the delisting of BSV followed by ShapeShift.
Japan’s financial behemoth, SBI Holding has announced that it will no longer support Bitcoin Cash on its virtual currency exchange starting from June 2019. The new development was reported by Cointelegraph Japan.
The decision to stop support Bitcoin Cash (BCH) comes at a time when exchanges are rallying up against its sister chain Bitcoin SV (BSVC). Binance was the first crypto exchange to announced the delisting of BSV due to the controversies surrounding the lead developer Craig Wright.
Read more:
Bitcoin SV in turmoil: Binance and Shapeshift delist BSV following Craig Wright’s controversies
At press time, Bitcoin Cash is trading at $310 following a 1% loss in value in the last 24-hours. The fourth largest crypto on the market has a value of $5.5 billion and a 24-hour trading volume of $2.3 billion. While news from SBI have not shaken BCH, the actual delisting could affect the price in June. Meanwhile, the general trend on the market is sideways with most assets inclined to make losses in the short-term.
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