RATE Group | Coinfloor’s CEO Explains Decision to Delist All Crypto but Bitcoin to Cointelegraph
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Coinfloor’s CEO Explains Decision to Delist All Crypto but Bitcoin to Cointelegraph

17 Dec Coinfloor’s CEO Explains Decision to Delist All Crypto but Bitcoin to Cointelegraph

Posted at 22:44h in Bitcoin News by

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London-based cryptocurrency exchange Coinfloor will delist all cryptocurrencies but Bitcoin (BTC) to focus on Bitcoin only services in January.

The United Kingdom’s oldest crypto exchange will delist all cryptos including the second-biggest altcoin Ether (ETH) and Bitcoin Cash (BCH) in conjunction with the 11th anniversary of Bitcoin’s launch on Jan. 3, 2020, Coinfloor said in a blog post on Dec. 17.

Bitcoin is the only cryptocurrency that is proven so far, Coinfloor CEO says

Obi Nwosu, CEO and founder of Coinfloor, said that Coinfloor’s move comes in line with the company’s vision to focus on cryptocurrencies that are “proven” so far.

In an interview with Cointelegraph on Dec. 17, Nwosu argued that Bitcoin is the “only game in town,” because the major cryptocurrency is doing great with its mission to provide a new form of store of value, or digital gold.

According to the executive, Ethereum technology has not been proven to date because it has yet to overcome major…

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