Cryptocurrency Exchange OKEx Decides Not to Delist Bitcoin Satoshi Vision

Published at: April 16, 2019

Major cryptocurrency exchange OKEx announced that it decided not to delist bitcoin satoshi vision (BSV) in a series of tweets published on April 16.

OKEx is currently ranked first on CoinMarketCap of exchanges by adjusted trading volume, with $1.3 billion in 24 hour volume.

Per the announcement, the exchange verified that BSV currently doesn’t meet the OKEx delisting and hiding criteria after reviewing its technology development, liquidity and compliance. The last tweet further explains the stated reason behind the decision:

“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.”

As Cointelegraph reported yesterday, major cryptocurrency exchange Binance has officially announced that it will delist BSV starting next week.

Some users have suggested that OKEx’s decision to keep listing BSV may have been influenced by the recent announcement of OKEx’s partnership with Jack C. Liu, founder of crypto wallet RelayX, to launch a BSV-based exchange.

The Twitter comments on OKEx’s post are divided between users claiming that neutrality is welcome on an exchange’s part, and users who insist that BSV should be delisted from the platform.

Binance’s original delisting decision comes after Craig Wright, the altcoin’s creator, set a $5,000 bounty in BSV for information regarding the identity of Hodlnaut, the Twitter user behind the Lightning Torch initiative. Wright was purportedly motivated by the anonymous Twitter user calling him a fraud and accusing him of falsely claiming to be the mysterious creator of bitcoin (BTC), Satoshi Nakamoto.

At the time, Binance CEO CZ warned that he would delist the altcoin if Wright does not change his behavior, and pointed out that he believes Hodlnaut’s statement: “Craig Wright is not Satoshi.”

Following Binance’s delisting, crypto exchange ShapeShift has decided to drop the cryptocurrency as well, with Kraken considering plans to follow suit.

At press time, BSV is down over 21% on the day and 29% on the week, trading at around $56.36.

Tags
Altcoin
Cryptocurrency Exchange
Okex
Bitcoin Sv
Related Posts
Exchange tokens BNB, HT, FTT and OKB are on fire in February — Here's why
Bitcoin’s (BTC) current bull run continues to attract institutional investors who are finally realizing its long-term potential. The latest to take the Bitcoin plunge is BlackRock Financial Management, which has “started to dabble a bit” in crypto investments, according to the investment giant’s chief investment officer Rick Rieder. In another positive, investment advisory The Motley Fool projected that Bitcoin could rise to $500,000 over the next 15 years. The firm announced its plans to buy $5 million worth of Bitcoin and has also advised its 10X real-money portfolio members to make the digital asset a part of their core holding. …
Markets / Feb. 19, 2021
Major Crypto Exchanges Huobi Global and OKEx Launch Support for Tron-Based USDT
Two major crypto exchanges — Singapore-headquartered Huobi Global and Malta-based OKEx — have announced their support for the Tron-based version of stablecoin Tether. The developments were announced in two official announcements, both published on March 21. In early March, blockchain protocol Tron (TRX) and Tether, issuer of stalwart stablecoins USDT and EURT, announced their partnership to issue a TRC-20-based USDT — a term that indicates adherence to a technical token standard supported by the Tron blockchain. The new token is designed to be interoperable with all Tron-based protocols and decentralized applications to improve liquidity in the ecosystem. In their respective …
Altcoin / March 22, 2019
OKEx Lists Tron on Customer-to-Customer Trading Platform
Malta-based cryptocurrency exchange OKEx has began listing Tron (TRX) on its customer-to-customer (C2C) trading market, according to a press release shared with Cointelegraph on March 7. OKEx’s decentralized C2C trading platform enables users to trade digital assets directly with each other, much like a peer-to-peer (p2p) model. On the platform, users are able to place orders with self-selected exchange rates and payment methods including cryptocurrencies and fiat currencies such as British pounds, Chinese renminbi, Vietnamese dong, Russian rubles and Thai baht. Following the listing, the exchange will launch several promotional events for users trading TRX. In late February, OKEx started …
Trading / March 8, 2019
OKEx Will Delist Another Wave of Trading Pairs Over ‘Weak Liquidity’
Major Hong Kong-based cryptocurrency exchange OKEx announced it was delisting a second swathe of trading pairs due to “weak liquidity” in a blog post Nov. 27. OKEx, which announced its intention to begin delisting certain pairs and tokens in October and removed the first batch Oct. 31, will now remove a further 49 trading pairs from its order book. This, the announcement says, is in order to “create a robust trading environment and offer the best trading experience” for traders. Some assets will lose certain trading pairs, while withdrawals of 26 tokens are set to disappear altogether starting at 5 …
Altcoin / Nov. 27, 2018
Crypto Exchange OKEx Launches Bitcoin Futures Margined With Tether
Cryptocurrency exchange OKEx has launched Bitcoin (BTC) futures contracts that are margined with the Tether (USDT) stablecoin. OKEx announced the new offering in a press release on Nov. 14. OKEx first announced its intention to launch USDT-settled futures trading with up to 100x leverage at the end of October. Now, after conducting a simulation that began on Nov. 5, the exchange listed the BTC/USDT offering on its trading platform. The exchange previously said that offering a stablecoin-based derivatives contract will make it simpler and more efficient for traders to navigate the market and calculate risk. OKEx CEO Jay Hao commented: …
Bitcoin / Nov. 14, 2019