Delisting Notice of Bitcoin SV (BSV) on 24 November 2021 at 06:00 PM (GMT+7)

Modified on Fri, 17 Feb 2023 at 12:05 AM

Bitkub Online Co., Ltd. ("the Company'') has considered delisting Bitcoin SV (BSV) as the asset is no longer qualified for Bitkub’s listing policy. BSV trading will be ceased and BSV wallets will be removed from Bitkub exchange for the security and safety of transactions on the network due to the 51% Attack.


The Company’s delisting plan is scheduled as below.



19 November 2021 

at 6:00 PM (GMT+7)

Bitkub will post the DE sign (Delist)** with the BSV symbol and will permanently cease to support BSV deposits.


24 November 2021  

at 11:59 PM (GMT+7)

Bitkub will permanently cease to support BSV trading to delist BSV from the exchange.


  • New BSV buy/sell orders creation will cease after the scheduled time.
  • Existing BSV buy/sell open orders will be automatically canceled.
  • Your BSV balance will remain unaffected and available to withdraw until the BSV wallet is removed.

9 December 2021 

at 11:59 PM (GMT+7)

Bitkub will permanently cease to support BSV withdrawals to remove BSV wallets from the system.

BSV holders who remain their BSV holdings in their wallets after the cease of withdrawal are suggested to contact our Customer Support team for further assistance. 

** DE (Delist) represents a cease of digital asset trading to delist the asset from the exchange within a given period. (Learn more about Warning Signs)  

Bitkub would like to disclose the facts regarding the delisting decision as follows:

According to the 51% Attack on 4 August 2021, Bitkub decided to suspend the deposit and withdrawal of BSV to protect customers and has monitored the stability and security of the BSV blockchain. We have decided that BSV is no longer qualified to be listed on the Company’s exchange. The reasons include but are not limited to the following:

  • There have been some BSV miners holding significantly larger distributions of the hashrate than other miners. They also held above 50% of the total distribution as of 4 August 2021. Holding more than half (or 51%) of the hashrate distribution allows the miners to carry out activities that could attack the blockchain or reverse transactions for personal gain, which can cause damage to BSV holders. After the incident, the miners still keep their hashrates dominant and near 50%, indicating that they might reach 51% again in the future.
  • After the recent 51% incident on 4 August 2021, many digital asset exchanges have increased their security measures for BSV deposits by increasing the number of required confirmations to 150 - 250 blocks for a credited deposit. The current BSV blockchain required confirmation rate is about 10 mins/confirmation. Therefore, BSV deposits can take up to 25 hours or longer which can be detrimental to investors.
  • The Company continuously investigated the incident on 4 August 2021 and found that there was an incident of block reorganization on the BSV network which indicated the instability of the network. 
  • BSV has been delisted from a number of digital asset exchanges. This increases the chance of BSV being delisted from all digital asset exchanges in the future.

The Company has considered delisting BSV due to the continuous significant hashrate dominance of some miners, high number of accepted deposit confirmations, history, and the tendency of being delisted by other exchanges.

We apologize for any inconvenience caused and thank you for your understanding.

Was this article helpful?

That’s Great!

Thank you for your feedback

Sorry! We couldn't be helpful

Thank you for your feedback

Let us know how can we improve this article!

Select atleast one of the reasons
CAPTCHA verification is required.

Feedback sent

We appreciate your effort and will try to fix the article