Analysis Bitcoin Cash News

SBI will delistit BitcoinCash and support BSV

Japanese financial services giant SBI Holdings will exclude BitcoinCash (BCH) from its virtual currency exchange in June 2019.

SBI officially announced their plans to exclude BCH, while maintaining support for BSV – a cryptocurrency created from the BitcoinCash fork.

Bitcoin Cash is the first hard fork of a large Bitcoin cryptocurrency (BTC), which was created in August 2017. In turn, Bitcoin SV is a hard fork of BCH itself and is headed by the self-proclaimed Bitcoin creator Craig Wright.

The move takes place against the background of news about several large cryptocurrency platforms excluding BSV. Yesterday, the top Binance Exchange officially announced the delisting of BSV and the termination of trading on all BSV trading pairs from April 22.

Binance delisting followed the arguments of the crypto community when Binance CEO Changpen Zhao (CZ) warned that he would exclude BSV if Wright did not cease to claim that he was Satoshi Nakamoto. In response, the crypto-community on Twitter responded to the CZ warning, suggesting various exchanges to exclude BSV and launching the hashtag #DelistBSV .

Yoshitaka Kitao, CEO and Representative of SBI Holdings, previously criticized the hard fork Bitcoin Cash, which was held in November 2018. Quito reportedly appears to have a connection with the founder of BSV when Wright spoke about his close relationship on Twitter, demonstrating that he and Kitao spent time together and arguing that he treats Kitao as “a friend and person whom I respect a lot. ”

During the BCH press release, the fifth largest cryptocurrency by market capitalization, rose 5.5% in the last 24 hours, trading at $ 314, while BSV fell by more than 21% in a day, trading at $ 55, according to data from CoinMarketCap.

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