Bitcoin SV drops sharply after being kicked out from Binance

The price of Bitcoin SV rapidly dropped by 9% after the currency was delisted from Binance, one of the world’s largest exchanges for cryptocurrency.

Prior to the delisting, Binance was the third-largest market for Bitcoin SV in the BCHSV/USDT trading pair. It now remains to be seen how the market will continue to react to the news of the delisting – will Bitcoin SV bounce back, flatten out or continue to fall within the month to come?

What we do know is that both ShapeShift and Kraken, two other prominent crypto exchanges, have decided to follow in the footsteps of Binance and delist Bitcoin SV.

At Kraken, Bitcoin SV deposits will be disabled on April 22, and trading will cease on all trading pairs involving Bitcoin SV on April 29. Withdrawals will still be possible until May 31, to given Kraken traders a chance to move their Bitcoin SV.

In their public announcement, Kraken cites both community sentiment and ongoing litigation filed against the exchange by the coin’s advocates as reasons for their decision to delist the currency.

A controversial founder

For quite some time now, Bitcoin SV founder Craig Wright has been making waves in the cryptocurrency