Bitcoin SV (BSV) Jumps by More Than 9% Following Binance’s Win in UK Delisting Court Case

Bitcoin SV (BSV) cryptocurrency has today jumped by more than 9% to hit an intraday high of $40.29 according to Coingecko data, following Binance’s win in the UK BSV delisting court case.

Bitcoin SV (BSV) cryptocurrency soared by more than 9% on Friday morning to hit an intraday high of $40.29 following the news of Binance’s win in the UK BSV delisting court case, according to data from CoinGecko.

The UK Court of Appeal delivered a ruling that effectively narrows the scope of a $13.3 billion class action lawsuit brought by BSV investors against Binance and several other exchanges in a decision that could have significant repercussions for the cryptocurrency industry.

Investors had claimed that Binance’s 2019 decision to delist BSV had caused substantial financial damage by preventing the token from realizing its full potential in the cryptocurrency market.

However, the court rejected the bulk of those claims, specifically targeting the “foregone growth effect” theory, which asserted that BSV could have reached a value comparable to Bitcoin or Bitcoin Cash if it had remained listed.

“Such claims of ‘foregone growth’ are too speculative to be supported by the law of England and Wales. In any event, there were sufficiently close substitutes for BSV in the market at the relevant time, such as Bitcoin and Bitcoin Cash, to render the application of this rule inappropriate,” the ruling stated.

This legal victory marks a turning point for Binance, which had long argued that the lawsuit overestimated the impact of the delisting and ignored the speculative nature of cryptocurrencies.

Importantly, the Court of Appeal ruled that investors classified under “sub-class B” — those who held BSV during and after the delisting period — were not entitled to damages based on hypothetical market gains.

According to the court, these investors had the opportunity to mitigate their losses by selling their holdings or reinvesting in alternative crypto assets, thus invalidating their claims for substantial compensation.

Moreover, the judges dismissed arguments based on the “loss of a chance” theory, concluding that the legal standard for such damages was not met in this case due to the highly volatile and unpredictable nature of crypto assets.

The ruling also reinforced the application of the “market mitigation rule,” which requires claimants to take reasonable steps to reduce their losses when a functioning market remains available.

In the judgment, Master of the Rolls Sir Geoffrey Vos pointedly questioned how representatives of the class action could claim 248 times more than the original value of the affected holdings.

He further noted that the claimants’ own expert had compared BSV with Bitcoin and Bitcoin Cash, undermining the argument that BSV was a singular and irreplaceable asset in the crypto ecosystem.

Following this decision, the lawsuit has been significantly trimmed, although minor claims by users who lost access to BSV or sold at a loss after the delisting may still proceed.

While the legal outcome is a win for Binance, the market reaction has been equally notable, as traders responded quickly to the reduced legal risk surrounding BSV’s 2019 delisting.

In the wake of the news, BSV’s 24-hour trading volume surged by more than 133%, climbing to $115.87 million as investor sentiment turned bullish.

The cryptocurrency, which currently ranks #97 by market cap, is now trading at $39.22 with a total market capitalisation of approximately $779.26 million.

Notably, this price spike adds to BSV’s broader monthly gain of 32.2%, suggesting a growing interest in the asset amid evolving legal and market narratives.

Despite its current momentum, BSV remains down by over 92% from its all-time high of $489.75 reached in April 2021.