Japanese financial giant SBI Holdings has affirmed that the removal of Bitcoin Cash (BCH) from its exchange platform was not related to the other exchanges delisting Bitcoin SV (BSV).

SBI has reportedly raised controversy when delisting BCH from its SBI Virtual Currencies exchange platform, as BCH has been doing well lately. Meanwhile, several crypto exchange platforms, including Binance, have declared that they will stop supporting BSV. The decision was made due to the unpleasant actions of BSV creator, Craig Wright.

Significantly, SBI Holdings happens to have a tight partnership with Craig Wright’s business, nChain. This made some criticism of whether there is a connection between the two delistings.

The firm stated that “It is true that we do have a business relationship with Mr. Craig Wright through our partnership with nChain. However, our decision to delist Bitcoin Cash is unrelated to the delisting of Bitcoin SV by several non-Japanese exchanges.”

The company further explained that the delisting process was made in consultation with the Japanese Virtual Currencies Exchange Association. The timing of the move came at the same time as BSV hit the headlines,which was unrelated. SBI Holdings intends to remove all trading pairs for the BCH coin from its virtual currency exchange by June this year. As for the reasons for this decision, the company mentioned the decrease in market capitalization, the possibility of 51% attack, and the possibility of further hard fork.

Previously, SBI Holdings has recently invested in Japanese startup FXCoin to boost the cryptocurrency exchange business in Japan, reported by TheCryptoSight on Apr 18.