While the leading cryptocurrency Bitcoin (BTC) is trying to cope with the decline it has experienced in recent days, news of delisting came from South Korea's largest cryptocurrency exchange Upbit.
Upbit announced that it will delist Bitcoin Gold (BTG) on January 23, 2025 at 05:30 UTC.
“We would like to inform you that trading support for Bitcoin Gold (BTG) has ended.
When trading support ends, orders (buy/sell) requested in the market before trading support ends will be canceled.”
Upbit explained the reason for terminating BTG trading support as follows: “With respect to Bitcoin Gold (BTG), Upbit comprehensively addresses the disclosure and coverage of important issues related to virtual assets, transparency of virtual asset transactions, business authenticity, and sustainability in accordance with best practices for virtual asset trading support. The Bitcoin Gold digital asset was designated as a trading alert item on December 10, 2024. After further careful review of the virtual assets, Upbit determined that the reasons for Bitcoin Gold being designated as a trading cautionary item have not been resolved, and has decided to terminate trading support in accordance with its policy of designating Bitcoin Gold as a trading cautionary item and terminating trading support.”
Bitcoin Gold (BTG) price fell after the news.
*This is not investment advice.
