Bittrex, a renowned US based cryptocurrency exchange, has de-listed Bitcoin Gold (BTG), a well-known hard fork of Bitcoin. The digital currency will be removed from the exchange by 4th September.
Our community asked us to comment on Bittrex’s action regarding BTG. You can read our full response here: https://t.co/UZWaIFRwHb
— Bitcoin Gold [BTG] (@bitcoingold) September 3, 2018
Why was Bitcoin Gold de-listed?
According to the distributed digital currency, Bittrex decided to de-list BTG after the exchange had suffered “a double-spend attack” on May 19th. From their end, they had reportedly tried to assist Bittrex to resolve the issue and as the digital asset company pointed out, “despite the fact that the danger is now over”, the exchange wanted to sever its ties with them.
Bittrex stated that to continue being listed, BTG is supposed to reimburse the losses for the double-spend attack. “We regret to inform our community that the crypto exchange Bittrex has decided to de-list BTG after we declined to pay them 12,372 BTG to remain listed,” said the official statement of the virtual currency that was released on 1st September.
Will getting de-listed affect Bitcoin Gold?
The buying and selling of BTG is expected not to get adversely affected. In the official release, it reasoned that currently, the leading exchanges for BTG include HitBTC, Bithumb, Binance, Bitinka, and Bitfinex. In the list of the leading exchanges handling BTG, Bittrex only handled a “small fraction” of BTG. Therefore, the de-listing won’t be much of a significant impact to BTG.
“We suspect the impact Bittrex’s action on our Ecosystem will not be substantial, as Bittrex has not been a top liquidity provider for BTG in recent months (current top exchanges include HitBTC, Bithumb, Binance, Bitinka, and Bitfinex; Bittrex markets represent a small fraction of our volume at this time),” said the official release.
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