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OKEx Stick with Bitcoin SV After Major Exchanges Dump It in Unison

OKEx Stick with Bitcoin SV After Major Exchanges Dump It in Unison

With Binance and Shapeshift dumping Bitcoin Satoshi Vision (Bitcoin SV) and Kraken going to its clients for advice, things don’t look too promising for the controversial crypto moving forward.

Poloniex is as yet uncommitted as to continuing to list BSV, but one exchange has definitely come out in favor; OKEx, currently ranked first on CoinMarketCap of exchanges by adjusted trading volume has said that it has no intention of delisting the currency, with the statement:

“As a neutral platform, OKEx respects the efforts of all dedicated teams in advancing the technology of Bitcoin and has no inclination to certain technical directions.”

The alternative crypto’s popularity nosedived after pseudonymous cartoon space-cat “hodlonaut” was threatened with legal action for disputing the legitimacy of the self-professed and much-refuted founder of Bitcoin, Craig Wright, BSV’s brains.

Since Bitcoin SV forked from Bitcoin Cash in November of last year its been on a downward spiral. Although the network is operating, it is diminutive by comparison to BTC, with 500 nodes compared to Bitcoin’s 9,000 plus. Roughly 60% of BSV’s hash rate is by Craig Wright-supported CoinGeek and nChain.

Things haven’t gone well for Craig Wright recently since Morgan Creek Digital co-founder Anthony Pompliano joined Binance CEO Changpeng Zhao in their condemnation of BSV. Pompliano has even called upon all exchanges to delist BSV on 1 May 2019 to protest their founders’ claims that BSV is the “real Bitcoin”.

It is now thought that OKEx is continuing to run against popular opinion and may be forming a BitcoinSV-centric cryptocurrency exchange called Float SV, with a launch planned for later this month.


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