SBI further also states the effect on the exchange if Bitcoin Cash hard forks in the future.
According to the latest press release by SBI, the exchange mentioned that the "Schedule of the Abolition" of Bitcoin Cash is at the end of the month.
Forbes' author said that "Gold production is $140 billion, so that's the amount of fiat that most come into the system to keep its price around $1,300 an ounce". Because SBI and nChain have a tight relationship, some assert that SBI's move is in retaliation to Binance's decision.Читайте также: EU's Tusk says 'dream' of Brexit U-turn not dead
On Monday, April 15, just a few hours after Binance's tweet, Eric Voorhees, CEO of ShapeShift, said that his exchange also chose to delist Bitcoin SV. A social media movement against the BSV creator, Dr. Craig S Wright, led Binance, ShapeShift, and Blockchain to stop offering BSV-enabled services.
It was improbable for an exchange to delist Bitcoin Cash, however, considering the coin was already trading on leading cryptocurrency exchanges, including Coinbase, for close to two years. The BCH price and market cap had impressively recovered ever since and served no threats as mentioned in the SBI notice.
While SBI lays out the reasons for the delisting, some in the crypto community believe there is a darker, more nefarious reason.
Even though the SBI quoting market cap, the vulnerability to a 51 percent attack and Volatility of Bitcoin Cash are the main reasons for the drop in the coin.
Anyone holding BCH through SBI can sell their coins by the end of this month.
It adds that any potential hard forks of BCH - of which there will be several - could have a negative impact on the exchange. However, the users will be able to withdraw their coins until 22nd July 2019.
As of now, the SBI transactions through SBI have been "suspended", but custody sale transactions will continue.При любом использовании материалов сайта и дочерних проектов, гиперссылка на обязательна.
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