Upbit Announces Bitcoin Gold (BTG) Delisting Starting January 2025

The leading cryptocurrency exchange in South Korea, Upbit, has announced that it will cease supporting Bitcoin Gold (BTG) trading on its platform, with the decision taking effect at 12:30 PM Vietnam time on January 23, 2025.

According to Upbit's announcement, this decision follows a comprehensive evaluation of Bitcoin Gold's transparency, operational viability, and long-term sustainability. The exchange had previously classified BTG as a "Watch Asset" starting December 10, 2024, due to identified issues related to transparency and project management. After further review, Upbit concluded that these issues had not been adequately resolved, leading to the decision to discontinue BTG trading support.

Key dates to note:

  • Trading Suspension: 12:30 PM on January 23, 2025 (Vietnam time).

  • Withdrawal Period: Investors will still be able to withdraw BTG from their wallets until 10:30 AM Vietnam time on February 22, 2025.

  • Order Cancellations: All buy/sell orders involving BTG will be canceled immediately after trading support ends.

  • Service Suspension: Services such as airdrops, wallet upgrades, and hard forks will no longer be supported.

Upbit advises investors to withdraw their BTG assets before February 22, 2025, to avoid potential issues with processing transactions or delays in resolving any mistakes related to mis-sent funds after the deadline.

Bitcoin Gold was once a promising project aimed at creating a more decentralized blockchain than Bitcoin. However, it has gradually lost momentum due to governance issues and operational inefficiencies. Its delisting from Upbit, one of South Korea's largest exchanges, is likely to put additional pressure on its value and liquidity.

This move by Upbit reflects a broader trend among cryptocurrency exchanges tightening their listing criteria to protect investors and maintain their credibility in the market.

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