Long-serving cryptocurrency exchange OKCoin is delisting two Bitcoin forks in a bid to protect investors.
OKCoin, a top 50 exchange by daily volume, announced today it will suspend Bitcoin Cash (BCH) and Bitcoin Satoshi Vision (BSV) trade as of March 1.
OKCoin chief Hong Fang explained it “seems that the markets have cast their vote on what Bitcoin was built for.”
“Today, BTC’s market cap has grown to almost $1 trillion [now $1T], overtaking top public companies like Visa and Facebook in size,” said Fang.
“BCH and BSV, in contrast, are valued at respectively ~1.5% and ~0.5% of the original Bitcoin,” she added.
In particular, Fang highlighted Craig Wright’s recent threats to sue to anyone hosting the Bitcoin whitepaper as the final straw.
Fang noted OKCoin felt “very disturbed by the copyright claim and threat of legal actions that Craig Wright is waging against the open-source community.”
“Wright’s recent lawsuits against websites hosting the Bitcoin [whitepaper] are part of a long historical chain of problematic legal actions surrounding his entirely unproven claim to be the creator of the original cryptocurrency,” she said.
Fang concluded OKCoin would consider relisting BCH and BSV if they adopt branding clearly differentiated from Bitcoin.
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