BitForex Decides To Not Delist Bitcoin SV

By Prashant Jha

The past week has seen a number of top cryptocurrency exchanges delist Bitcoin SV in the wake of the Twitter spat and controversy surrounding Craig Wright and Calvin Ayre,two of the men behind the fork of the Bitcoin Cash. Binance, ShapeShift and Kraken have all decided to delist Bitcoin SV as a result of the pall the spat has cast upon the crypto world. However, despite all of that, BitForex has decided to hold on and Garrett Jin, its founder and Chief Executive Officer, has recently come out with an official statement on their approach towards the whole issue.

Jin has maintained that although he does believe that the controversy surrounding Craig Wright (who adamantly claims that he is Satoshi Nakamoto, the actual, anonymous founder of Bitcoin) has indeed had its unsavoury influence on the crypto world, his personal transgressions are no reason to delist the coin he is associated with.

He wrote:

“Craig Wright has undoubtedly cast a shadow on the cryptocurrency industry as a whole, harming the perception of this space in the eyes of no t just the community, but the financial world at large.”

Despite writing this, he maintains that his own opinion should not dictate the exchange’s decision to delist Bitcoin SV. He cited the needs of the existing traders who use Bitcoin SV to support this decision.

He explained:

‘We feel it would be an injustice to the existing active Bitcoin SV traders on the BitForex platform if we were to delist the token…BitForex will remain a platform upon which BSV is open for trade. We will continue to monitor the situation, and continue to focus our energies on finding measures that ensure traders on our platform, whatever their stance may be, are protected and free to trade as they please.”

The exchange had recently even held a Twitter poll for the user community to indicate what it wanted with regard to the listing of Bitcoin SV. However, the exchange dismissed the poll owing to malicious behaviour and took an internal decision. Expectedly, the decision has drawn quite a bit of flak from the crypto world but Jin has stated that the exchange intends to stick to its decision.