Australia’s Independent Reserve is Set to Delist Bitcoin SV and Related Pairs

Thursday 28 January 2021, 2:00 PM AEST - 1 month ago

Australia’s largest crypto-exchange, Independent Reserve, is set to delist Bitcoin SV from its platform, according to a recent announcement. Aussies will have until March 28 to trade the token, and additional six months to withdraw it.

The Independent Reserve is the latest exchange to delist Bitcoin SV in light of recent events that involved the Australian computer scientist Craig Wright, considered anti-ethical by many in the crypto community.

Following discontent and feedback from the community, the exchange stated that the token is not meeting the standards required for users:

In light of recent events and community feedback Bitcoin SV (BSV) and related trading pairs will be delisted.

Withdrawal requests after the six month grace period may be delayed and could incur additional processing fees. All open orders will be automatically cancelled after trading ceases on the 28th of March, 2021.

Bitcoin SV Fails to Meet the Standards

More users are starting to lose interesting in BSV as the trading volume in exchanges decreases with time. Many argue that is the start, and several other platforms will delist the token, as it doesn’t perform as expected.

It’s not the first time that the BSV token fails to meet the standards required on exchanges to be traded — in 2019, Binance delisted BSV on its platform following complaints from the community about the performance of the token.

Kraken, another popular U.S.-based exchange, followed Binance and delist the token as well, quoting “fraudulent claims” and “threats of legal action”.

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