Home News Exchange Binance CEO Responds to Backlash After Delisting BCHSV

Binance CEO Responds to Backlash After Delisting BCHSV

April 17, 2019 15:31
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The delisting of Bitcoin Cash Satoshi Vision (BCHSV) by several exchanges was initially started by cryptocurrency exchange Binance. In the recent past, Changpeng Zhao (CZ), the Chief Executive Officer (CEO) of the exchange had threatened to delist the coin and followed it up by doing so.

Naturally, this infuriated a lot of people, who think Binance had something to do with other exchanges also delisting the coin founded by Craig Wright. CZ finally addressed some of the backlast by saying, “Everyone can make their own decisions. Everyone has influence. Even you, if you sold a coin you don’t like (theoretically, it does affect the price, no matter how small), is that centralization? At what level does it stop being centralization? Who decides that level?”

This response was made when a Twitter user said, “Proof-of-delist consensus by crypto cartel. Crony capitalism come full circle to the cryptoconomy. Binance, you are subverting natural selection and history will show you to be corrupt.”

CZ had added, “There are plenty of other exchanges out there. We don’t make decisions for other exchanges. Our decision is part of the natural selection process, so is yours. We are just a small part of the community, who are super supportive of our decision.”

This comes after eminent personalities, including Calvin Ayre, the founder of CoinGeek (a known supporter of Bitcoin Cash), attacked the exchange saying, “Binance is scared of Bitcoin SV because its technically superior to the platforms it uses, but in attacking it this way it will bring global regulation to exchanges.” However, John McAfee, tweeted in support of CZ and Binance by saying, “It’s my considered opinion that BSV is using Craig Wright’s bogus claim to be Satoshi as a means to fraudulently increase their price. God bless @cz_binance for having the courage to delist them!”

While exchanges such as Binance and Kraken announced that they were delisting BCHSV, others such as OKEX, preferred to sit on the sidelines and proclaim they were neutral. However, neutral is not an accurate word, since shortly after, OKEX announced Float SV, an exchange specifically supporting the now-disgraced coin.

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A blockchain enthusiast, a wannabe-crypto investor and an all-around enthusiast! Loves travelling, especially to ASI-protected areas, believes in giving her best shot at everything she does! Definitely an introvert.

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