South Korea’s largest crypto exchange Upbit plans to stop trading support for Bitcoin Gold from January 23, 2025. Users can still withdraw BTG for 30 days after the delisting date.
According to the notice published on December 24, Bitcoin Gold (BTG) will no longer be available for trading on the Upbit exchange starting January 23, 2025 at 2:30 p.m. KST.
This means that all buy and sell orders requested after January 23rd will be automatically canceled by the exchange. Additionally, BTG-related services, including airdrops, wallet upgrades, and hard forks, are no longer supported by BTG.
Since December 10, the exchange has already classified BTG as a virtual asset that is “cautious” due to its trading volatility. Since then, the exchange has considered a number of aspects related to BTG, including the transparency of its operations, the disclosure of important matters, the practicality and the sustainability of its operations. However, until December 24th, the status of the crypto asset remains unchanged.
“Upbit noted that the reasons for classifying Bitcoin Gold as a subject of precautionary measure have not been clarified and decided to terminate trading support in accordance with the policy on classifying digital assets as a subject of precautionary measure and terminating trading support,” the exchange wrote .
Shortly after the announcement was published, Bitcoin Gold fell by almost 25% in the last 24 hours, according to data from crypto.news. In fact, the token has been on a gradual decline since the beginning of December. BTG has…
