Get Kraken! – Crypto Exchange Kraken joins AntiBSV Trend

Kraken, the American cryptocurrency exchange has announced it will be delisting Bitcoin SV following in the footsteps of Binance. Although Kraken’s team did not make this decision deliberately. The cryptocurrency exchange started engaging with their community on twitter ever since Changpeng Zhao got the ball rolling earlier this week.

Kraken decided to ask their followers on twitter if they should join the ‘’AntiBSV’’ trend and created a poll. Nearly three-quarters of Kraken’s followers voted in favor of delisting Bitcoin SV while more than one-fifth of the voters said they didn’t care.

Kraken responded, announcing that the last day for trading Bitcoin SV would be May 1.

On their blog, Kraken provided a short summary of the events over the past several months that led to their decision to delist BSV, justifying their reasons behind the delisting:

“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.”

The exchange continued that the decision to delist came after ‘’consultation with more than 70,000 Kraken users’’ referring to the poll they launched on their twitter account on April 15.

Kraken ended its blog post by declaring that there was “no room for bad actors.” Co-Founder and CEO Jesse Powell admitted, there was already bad blood between Kraken and the Bitcoin SV, saying:

“They are suing us, our investors, well-respected and prominent figures in the community, and the community got to the point it’s fed up with it. It’s completely antithetical to what this community is about.”

Unlike Binance who decided to jump the gun, Kraken decided to follow a more measured path. Although it should be noted that Binance CEO Changpeng Zhao did float the possibility of a delisting days before the actual announcement on his twitter account: