Watching the Bitcoin Satoshi Vision (SV) delisting drama play out last week was interesting theatrics. The controversial cryptocurrency came under renewed scrutiny after one of its promoters, Craig Wright, began threatening legal action on people who rebuked his claims of being the true Satoshi Nakamoto. But it also served as a reminder of the ever-present chasm between traditional equities exchanges and their crypto counterparts.
As a former staffer at the Nasdaq Stock Market, I remember ad nauseam the standards and requirements for listing and delisting stocks. In crypto however, virtually no standards exist, and if they do, they aren’t transparent. As we saw last week, Kraken delisted Bitcoin SV following the release of a twitter poll, effectively illustrating that it’s figuring out the delisting process as they went.