Cryptocurrency is about creating a better world. At Kraken, we take this mission seriously. Our focus is on delivering the freedom digital currencies offer. Freedom from centralized systems, financial freedom and critically, freedom from oppression. Our vision of the future doesn’t work unless it works for everyone.
Over the last few months, the team behind Bitcoin SV have engaged in behaviour completely antithetical to everything we at Kraken and the wider crypto community stands for. It started with fraudulent claims, escalating to threats and legal action, with the BSV team suing a number of people speaking out against them. The threats made last week to individual members of the community were the last straw.
This aggression will not stand. Alongside other upstanding members of the community, and in consultation with more than 70,000 Kraken users, we have decided to delist Bitcoin SV. Deposits will be disabled April 22. Trading will cease on all trading pairs April 29. Withdrawals will continue until May 31.
A secure, sustainable and trustworthy ecosystem is only possible if community members live by these values. Crypto’s future is bright. There is no room for bad actors. We appreciate the community’s support as we work together to create the world we want to see.