While major exchanges already delisted BSV from their trading platforms, OKEx is one odd out in crypto space. The exchange recently announced that they have no intention to delist BSV because the ‘present controversial currency’ doesn’t meet OKEx’s delisting criteria.
OKEx is One Odd Out
The controversy around ‘Satoshi’s identity as Craig Wright’ led major exchanges to delist BSV from their trading platforms. As such, Binance CEO warns and took initiative to delist BSV, the suit is then followed by other exchanges including Shapeshift, and Kraken is all set to walk on the same footprints. However, the case for OKEx is quite different.
The exchange released a new blog post entitling ‘Regarding Bitcoin SV Listing’ and states as follows;
OKEx has conducted a rigorous review on BSV in terms of technology development, liquidity, and compliance reads Blog. According to the OKEx Token Delisting and Hiding Guideline, BSV currently does not meet our delisting criteria. As such, OKEx has no intention to delist BSV for the time being.
Is Upcoming BSV Based Exchange the Reason?
OKEx’s BSV support amidst increasing controversy is closely connected to exchange’s earlier announcement of launching ‘BSV centric exchange’. As Coingape reported, the exchange entered into the partnership with ‘Jack C. Liu’, a crypto-entrepreneur to launch a new exchange dedicated only to BSV cryptocurrency – as such it will be called as ‘Float SV exchange.
Although OKEx doesn’t connect Float SV with its support to BSV currency in its blog– rather, it mentioned the reason behind constant support is ‘token delisting criteria’. Nevertheless, according to OKEX, BSV is doesn’t fall under their delisting guidelines. You can check with OKEX’s token delisting guidelines here
Conclusively, the exchange notes that it respect the efforts of all dedicated team that enlighten technology underlying Bitcoin. Indeed, it meant with BSV team and reads that
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.
What’s your stake on OKEx’s support to controversial cryptocurrency? Do you think the exchange is bound by its former announcement of Float SV exchange (Based on BSV cryptocurrency)? Let us know in the comment below
Featured Image source – OKEx Twitter
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Tabassum is a full-time content writer at Coingape. Her passion lies in writing and delivering apt information to users. Currently, she does not hold any form of cryptocurrencies. Follow her on Twitter at @Tabassumnaiz and reach out to her at Tabassum[at]coingape.com