The OKCoin exchange will delist the Bitcoin Cash (BCH) and Bitcoin SV (BSV) cryptocurrencies, writes CoinDesk. The company explained its decision as a desire to protect new users who get confused when trying to buy bitcoin on the platform. Another factor was the threat of legal prosecution, which the main supporter of Bitcoin SV, Craig Wright, presents to the participants of the cryptocurrency community.
"This is not an easy decision. We had a choice, and there is 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 in this matter. However, due to the latest series of threats from Wright to sue the portals that place the white paper of bitcoin in the public domain, this has become a matter of principle for OKCoin.
"On the one hand, we strongly support the morale of the open source project community. On the other hand, if we do something in this direction, it is contrary to our principles as a neutral platform. We wouldn't have made these changes if Craig Wright hadn't started threatening the developers. "In addition, when all three of these coins are presented on our platform and new customers come to it, most people want to buy bitcoin as a means of accumulation. 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 after another incident with Wright. Many of them, however, still support Bitcoin Cash. Fan hopes that the rest of the trading platform will follow the example of OKCoin. "We encourage other community members to defend the spirit of free opensource development and decentralization," she said.