Kraken launched Bitcoin Cash SV trading with " extremely high risk»

[Paha87]

The main cryptocurrency exchange of the USA - Kraken, confirmed that it began trading with both networks that appeared after the Bitcoin Cash hard fork, warning traders about the "set of red flags".

The crypto currency exchange Kraken, which initially stated that it would support only one of the two resulting networks, Bitcoin Cash ABC - at the moment is the beginning of the trade coins of the second network - Bitcoin Cash SV (BSV). The product of the controversial hard fork-bitcoin Cash SV cryptocurrency is currently in the center of the miners ' debate about the VSN, because the developer leader Craig Wright and his company nChain decided to monopolize the hash power market.

By issuing both new cryptocurrencies to its users, Kraken was candid in its reservations about the stability and prospects of BCH, stating:

Bitcoin does not conform to the usual listing requirements Kraken. This should be considered as a very high risk investment. There are many red flags that traders should be aware of.

Among these "red flags" Kraken highlights, the coercion of miners, in a separate disclaimer:

Losses incurred as a result of actions nChain and affiliates will be compiled among all of the owners of BSV on Kraken. Given the unstable state of the network and the threats that have been made, Kraken cannot guarantee perfect BSV content.

As previously reported, many major exchanges have decided to suspend BCH trading indefinitely to assess the long-term health of the two competing networks resulting from the hard fork on November 15.

Meanwhile, the impact of this hard fork continues to have an impact on the cryptocurrency market. Bitcoin (BTC) has lost about 5 percent in 24 hours, while altcoins have suffered heavier losses: Ethereum (ETH) has fallen by more than 11 percent, reaching its lowest price since July 2017.

Link to the source of information (Russian)- https://altstake.io/news/kraken-zapustil-treyding-bitcoincash-svs-chrezvychayno-vysokim-riskom