Mati Greenspan: Binance delisting Bitcoin SV a matter of "due diligence"

28 Apr, 2019 | Updated: 28 Apr, 2019
by Richard Allen
Opinion
Mati Greenspan: Binance delisting Bitcoin SV a matter of due diligence

The Bitcoin SV debacle hit its pinnacle with the announcement that Binance would be delisting the project, sparking a chain reaction that led several other exchanges to follow suit. Now, Mati Greenspan of eToro has shared his thoughts on the matter, AMBCrypto reports.

Mati Greenspan, senior analyst at eToro, suggested the delisting was a matter of “due diligence” rather than “kingmaking.” He did, however, admit to the power Binance holds.

“They’ve [Binance] been the king makers for years, they’re the ones who say which ICOs get listed and which are not. They already are the kingmakers.”

Greenspan makes note of the independence that cryptocurrencies provide, regardless of which projects people support. According to the analyst, cryptocurrencies allow people to “completely take control” over their respective assets and send it anywhere without the need if a middleman.

Speaking about the BSV delisting, Greenspan explains that Binance was acting in the “best interest” of their customers, adding that CZ “knew what his community wanted and he delivered it for them.”

Greenspan goes on to say that, in general, if a company deems a project to be a scam, they’re within their rights to act as they please. He adds that this isn’t “kingmaking” or centralization, but “due diligence.”

“They are protecting their investors at the end of the day,” he states.

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