Bitcoin SV (BSV) trading on Kraken exchange halted

The embattled Bitcoin SV, the rival chain of Bitcoin Cash (BCH) trading has been stopped on Kraken exchange. The delisting comes after several exchanges including Binance removed it from the list of tradable digital assets. Kraken delisting is another needle in the wound especially for Craig Wright who is now on a mission of sending legal notices to Twitter users who openly disagree with his opinions, for example, Vitalik Buterin and Peter McCormack. Kraken sent a tweet on April 30 saying:

“Bitcoin SV (BSV) trading is now disabled. Open orders will be canceled shortly. Please withdraw all BSV by May 31st, 2019.”

Apart from Binance and Kraken, ShapeShift also announced the delisting of BSV; moves that have already dealt a blow to the price of the token. Moreover, Kraken said in a blog post that:

“Over the last few months, the team behind Bitcoin SV have engaged in behavior 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.”

Bitcoin SV has continued to suffer due to the delisting on the above exchanges. In fact, at press time, it is trading at $52.56 after a 2.94% loss since the same time on Monday. BSV has dropped to the 14^th spot on the market with a market cap of $933 million and a 24-hour trading volume of $110 million.