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Friday, February 3, 2023

Binance Opt For Delisting

The world’s largest digital asset exchange by volume, Binance, has announced it will delist Bitcoin SV (BSV). The move comes after the coin failed to meet Binance’s listing requirements for new coins.

The exchange gave BSV a short three-day deadline to appeal the decision. Since its announcement, Binance has faced backlash from the crypto community regarding the coin’s delisting.

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Several Twitter users have taken aim at BSV founder Craig Wright who threatened other members of the crypto community with legal action if they did not retract what he called false statements about him being a fraud — including Hodlonaut who is one of several people who tweeted that Wright is likely an agent working to destroy Bitcoin Cash SV (BCHSV).

Binance Face Questions

Binance is the world’s largest digital asset exchange, with a daily trading volume of $1.6 billion.

The Hong Kong-based company has a strict listing policy and has delisted coins in the past. It recently announced that it would delist Bitcoin SV (BSV), citing lack of innovation as the primary reason for doing so.

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The exchange gave BSV a short three-day deadline to appeal the decision. However, Binance did not receive any appeals from BSV. While other exchanges have not followed Binance’s lead in delisting BSV, the lack of response from the crypto community has been notable.

In fact, many users on Reddit have speculated that this lack of response may be due to a larger problem within cryptocurrency: most people aren’t willing to take responsibility for their own actions or mistakes made by others because they feel as though someone else should do something about it instead.

This is especially true when we consider how much money was lost during last year’s bull run when millions of people poured money into cryptocurrencies without doing any research first (or even not looking at charts).

Binance recently announced it would no longer list any new trading pairs for BSV or BCHSV, citing a lack of consensus between developers over which implementation is correct. This announcement came just days after Coinbase revealed its plans to delist Bitcoin SV after several months of debate among stakeholders within the crypto space.

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