Whereas the main cryptocurrency Bitcoin (BTC) is attempting to deal with the decline it has skilled in current days, information of delisting got here from South Korea’s largest cryptocurrency alternate Upbit.
Upbit introduced that it’ll delist Bitcoin Gold (BTG) on January 23, 2025 at 05:30 UTC.
“We want to inform you that buying and selling assist for Bitcoin Gold (BTG) has ended.
When buying and selling assist ends, orders (purchase/promote) requested available in the market earlier than buying and selling assist ends will likely be canceled.”
Upbit defined the rationale for terminating BTG buying and selling assist as follows: “With respect to Bitcoin Gold (BTG), Upbit comprehensively addresses the disclosure and protection of essential points associated to digital property, transparency of digital asset transactions, enterprise authenticity, and sustainability in accordance with finest practices for digital asset buying and selling assist. The Bitcoin Gold digital asset was designated as a buying and selling alert merchandise on December 10, 2024. After additional cautious assessment of the digital property, Upbit decided that the explanations for Bitcoin Gold being designated as a buying and selling cautionary merchandise haven’t been resolved, and has determined to terminate buying and selling assist in accordance with its coverage of designating Bitcoin Gold as a buying and selling cautionary merchandise and terminating buying and selling assist.”
Bitcoin Gold (BTG) value fell after the information.
*This isn’t funding recommendation.
