BCH and BSV Delisted!

OKCoin exchange has decided to delist Bitcoin Cash and Bitcoin SV with a statement on its blog. They cited the idea of ​​protecting new investors as the justification for delisting BCH and BSV. It was a necessary decision for the collective spirit of the open source community. The two cryptocurrencies, which are hard forks of Bitcoin, will be removed from the stock market's transactions as of March 1, 2021.

The CEO of the exchange, Hong Fang, also stated that Caig Wright's filing a copyright lawsuit against the institutions and individuals that published the Bitcoin whitepaper compelled them to do so. In fact, there is tension between Okcoin and the Bitcoin community. However, in the statement made, it was stated that "preventing confusion for new investors" was the aim of these delists.

In particular, Bitcoin Cash, followed by Bitcoin SV, lagged behind new projects, DeFi projects and cryptocurrencies with solid updates during the bull season that continued with 2021. Although BCH was in the top five in terms of market capitalization for years, along with Ethereum, Tether, XRP and Litecoin, it lost this power and regressed to the 11th place. BSV is also currently trading at 21st place. On the other hand, the delist news did not have a negative impact on the two cryptocurrencies, as OKCoin does not have a very strong place in crypto money exchanges.