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Bitcoin SV (BSV<\/a>) ripped by nearly 60% this week amid a new futures listing on top global crypto exchange Binance.<\/p>\n The project, which forked from Bitcoin Cash (BCH<\/a>) in late 2018, is trading at $54.02 at time of writing, up from $34.08 one week ago.<\/p>\n The 43rd-ranked crypto asset by market cap is also up more than 27% in the past 24 hours alone.<\/p>\n On Thursday, Binance announced<\/a> it was rolling out a new \u201cUSD-M BSV Perpetual Contract.\u201d The contract, which officially launched on Friday, offers up to 50x leverage and settles in top stablecoin Tether (USDT<\/a>).<\/p>\n Despite its price gains this week, BSV remains nearly 89% down from its all-time high of $490, which it hit in April 2021. The asset actually hit its all-time low of $21.43 this past June.<\/p>\n Bitcoin SV, a peer-to-peer electronic cash system, claims<\/a> to represent the true vision of Bitcoin\u2019s (BTC<\/a>) pseudonymous creator Satoshi Nakamoto.<\/p>\n The project was created by the controversial Australian computer scientist Craig Wright, who claims to be Nakamoto himself \u2013 a claim the majority of the crypto community rejects.<\/p>\n BSV\u2019s blockchain aims to fix BTC and BCH\u2019s efficiency problems by increasing block size significantly in order to reduce transaction fees.<\/p>\n Bitcoin Cash spun off from Bitcoin in August 2017.<\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>
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