U.S.-based cryptocurrency exchange Kraken has warned users against trading in the new bitcoin cash token, Bitcoin SV (BCH SV) – one of two competing versions of the cryptocurrency created when the blockchain split during last week's hard fork upgrade.
Kraken said in a blog post on Sunday that, while it has credited BCH SV tokens to its clients since the fork and has also launched trading in SV, the new crypto "does not meet Kraken's usual listing requirements" and "should be seen as an extremely high risk investment."
The exchange highlighted a number of "red flags" for traders, including that there are no wallets yet supporting replay protection – a way to prevent a transaction occurring on both BCH blockchains simultaneously.