OKCoin exchange will delist Bitcoin Cash (BCH) and Bitcoin SV (BSV) cryptocurrencies, writes CoinDesk. The company explained its decision by the desire to protect new users who get confused when trying to buy bitcoin on the platform. Another factor was the threats of legal harassment that the main supporter of Bitcoin SV, Craig Wright, presents to members of the cryptocurrency community.
“This is not an easy decision. We had a choice and there was unintended damage, but we were forced to adhere to a larger principle that we believe in, ”said OKCoin CEO Hong Fan, adding that they tried not to rely on their own opinion on this issue.
Nevertheless, due to the latest series of Wright’s threats to sue the portals that publish the white paper of bitcoin in the open access, it became a matter of principle for OKCoin.
“On the one hand, we do our best to support the morale of the open source community. On the other hand, if we do something in this direction, it contradicts our principles as a neutral platform. We wouldn’t have made these changes if Craig Wright hadn’t started threatening the developers. We consider these threats to be very destructive for Bitcoin in general, ” Fan said. “In addition, when all three of these coins are presented on our platform and new customers come to it, the majority want to buy bitcoin as a store of value. But when they see BSV and BCH, it confuses them. ”
Back in 2019, a number of exchanges, including Kraken, Binance, and ShapeShift, delisted Bitcoin SV following another incident with Wright. Many of them, however, still support Bitcoin Cash. Fan hopes the rest of the trading platforms will follow OKCoin’s lead.
“We encourage other members of the community to uphold the spirit of open source development and decentralization,” she said.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
