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The Pomp Podcast

#573 Haider Rafique on Delisting BSV and BCH

6/4/2021 · 49 min · transcript via mlx

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Key topics

OKCoin delisted Bitcoin Cash and Bitcoin SV earlier this year to protect new retail investors from confusion caused by similar branding to Bitcoin, despite internal debate about alternative product-level solutions.

The company rebranded its visual identity to move away from traditional "finance blue" and introduce more creative, intentional design that reflects its new San Francisco headquarters and evolved mission.

OKCoin integrated Unstoppable Domains to allow users to send crypto to human-readable domain names (e.g., user.crypto) instead of long wallet addresses, improving onboarding experience for new investors.

Marketing and product development must work in balance; OKCoin's marketing led initially while product was basic, but now product is advancing faster and marketing must catch up with storytelling.

The platform offers decentralized staking integration through DeFi protocols with zero gas fees, differentiating it from traditional DEX experiences and addressing a key customer demand.

OKCoin funds Bitcoin Core developers through grants with no commercial intent, viewing it as a corporate responsibility since Bitcoin serves as the foundational layer for all crypto markets.

Market & price signals

None discussed.

Actionable insights

Exchanges listing new assets face a choice between protecting users from potential confusion (even at the cost of delisting) versus remaining neutral; OKCoin's approach of delisting BCH and BSV and inviting rebranding demonstrates that taking a clear stance can resonate with your target customer base more than attempting to serve all communities equally.

Building user trust in crypto requires marrying regulatory approval with genuine product innovation and intentional brand positioning; simply having compliance is table stakes, but distinctive value propositions (like fee-free staking or simplified interfaces) and authentic storytelling are what drive retention and loyalty.

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