Bitcoin Cash (ABC) Jumps 15% As Capital Flows Out of BSV Following Binance Delisting

The cryptocurrency community is up in arms over recent controversy surrounding Bitcoin SV and its supporters.

The controversy was enough to cause leading cryptocurrency exchange Binance to delist the digital asset from its platform. Following the wake of the delisting, Bitcoin Cash, the blockchain Bitcoin SV was forked from, has surged as much as 15% as capital from one cryptocurrency flows into the other.

Bitcoin Cash Surges 15% As Bitcoin SV is Delisted From Binance

Today, Binance CEO Changpeng Zhao announced via Twitter that his exchange, one of the market leaders according to trading volume, will delist the 12th largest cap cryptocurrency, Bitcoin SV effective immediately.

The news sent the price of Bitcoin SV dropping as much as 7% as investors flee the asset for safer havens. Binance being among the top exchanges in the crypto industry, could cause a…

Read Full Story : NewsBTC

2019-04-15 16:57:32

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