SBI will delist BCH

Japanese financial services giant SBI Holdings will delist Bitcoin Cash (BCH) from its cryptocurrency exchange in June 2019, Cointelegraph Japan reported on April 16.

SBI Virtual Currency has now officially announced its plan to delist BCH, a cryptocurrency created by a hard fork of Bitcoin (BTC). BCH is the first hard fork of the main cryptocurrency BTC, created in August 2017. Bitcoin SV, in turn, is a hard fork version of BCH led by Craig Wright , the self-proclaimed creator of Bitcoin.

The move was allegedly triggered by several major crypto trading platforms delisting BSV. The day before yesterday, top exchange Binance officially announced that it would delist BSV and stop trading in all BSV trading pairs starting April 22.

Previously, Binance CEO Changpeng Zhao (CZ) had warned that if CSW did not stop claiming to be the real Satoshi Nakamoto, he would remove Bitcoin SV from the Bitcoin website. In response, the crypto community on Twitter responded to CZ’s warning by asking exchanges to remove BSV from the list and launched the #DelistBSV hashtag.

Yoshitaka Kitao, CEO and representative director of SBI Holdings, has previously criticized the BCH hard fork that took place in November 2018. As Cointelegraph reported, Kitao apparently has ties to the BSV founder, with Wright revealing their close relationship in a tweet in January, proving that he and Kitao had spent time together and claiming that he considers Kitao “a friend and person I respect very much.”

At press time, bitcoin cash, the fifth-largest cryptocurrency by market cap, is up 5.5% over the past 24 hours and is trading at $314, while BSV is down more than 21% on the day and is trading at $55, according to CoinMarketCap data.