Leading cryptocurrency exchange Binance has announced it intends to delist Bitcoin Satoshi’s Vision (BSV) next week. This news comes via an announcement published to site’s “Latest News” section earlier today.
Per the announcement, on April 22nd — exactly one week from today — Binance will delist BSV (which was listed on the exchange as BCHSV) and halt all trading pairs. In the post, Binance explained:
“… we periodically review each digital asset we list to ensure that it continues to meet the high level of standard we expect. When a coin or token no longer meets this standard, or the industry changes, we conduct a more in-depth review and potentially delist it. We believe this best protects all of our users.”
Although Binance did not note exactly why it chose to delist BSV, it listed a variety of factors as potential general reasons for delisting: “Commitment of team to project; Level and quality of development activity; Network / smart contract stability; Level of public communication; Responsiveness to our periodic due diligence requests; Evidence of unethical / fraudulent conduct; Contribution to a healthy and sustainable crypto ecosystem.”
The announcement comes only a few days after Binance CEO Changpeng Zhao (better known by his nickname CZ) tweeted that the exchange could delist BSV as a result of actions of its creator, Craig Wright:
“Craig Wright is not Satoshi. Anymore of this sh!t, we delist!”
Undoubtedly, this tweet comes as a reaction to Wright’s action against Hodlnaut, a Twitter user best known for creating the Lightning Torch initiative. Wright had created a $5,000 bounty (paid in BSV) for information about the identity of Hodlnaut. In response, the crypto community rallied around the user, creating the #WeAreAllHodlonaut.
Binance went on to note that it will support withdrawals of the coin until 10:00 a.m. UTC on April 22, so if you have any BSV, now is the time to withdraw your tokens.