Kraken, the SF-based cryptocurrency exchange, announced that it has credited its traders with Bitcoin SV (BSV) — one of two newly created cryptocurrencies resulting from last week’s Bitcoin Cash hard fork. Traders can now trade BSV against bitcoin, the U.S. dollar, and the Euro. Along with the listing of BSV, Kraken issued a warning that the cryptocurrency should be seen as an “extremely high risk investment.” The exchange notes some red flags that include the lack of replay protection, the apparent miner subsidies, and the indication that large holders will be dumping the cryptocurrency. Additionally, Kraken stated that “custodial losses taken on due to attacks originating from nChain or its affiliates will be socialized among all BSV holders on Kraken,” and that the exchange “cannot guarantee perfect custody of BSV.” (Source: Kraken)
The post Kraken launches Bitcoin SV trading but warns traders of ‘red flags’ appeared first on The Block.
Kraken launches Bitcoin SV trading but warns traders of ‘red flags’ written by Steven Zheng @ https://www.theblockcrypto.com/tiny/kraken-launches-bitcoin-sv-trading-but-warns-traders-of-red-flags/ November 19, 2018 Steven Zheng