
Upbit, South Korea’s largest cryptocurrency exchange, has announced it will discontinue trading support for Bitcoin Gold (BTG) effective January 23, 2025. Users will have the option to withdraw their BTG for a period of 30 days following the delisting.
As per a notice released on December 24, Bitcoin Gold (BTG) will be removed from the Upbit exchange at 14:30 KST on January 23, 2025.
This means all buy and sell orders placed after the mentioned date will be automatically canceled by the exchange. Furthermore, any services related to BTG, such as airdrops, wallet upgrades, and hard forks, will no longer be supported.
Since December 10, Upbit has already classified BTG as a virtual asset marked “subject to caution” due to its trading volatility. The exchange has evaluated various aspects of BTG, including operational transparency, significant matter disclosures, and the practicality and sustainability of its operations. However, as of December 24, the asset’s status remains unchanged.
“Upbit concluded that the issues leading to the caution designation for Bitcoin Gold have not been addressed, prompting the decision to cease trading support in accordance with our caution policy,” stated the exchange.

Following the notice’s release, Bitcoin Gold’s value has dropped nearly 25% in the past 24 hours, according to crypto.news data. The token has been on a steady decline since early December, experiencing a 35% drop over the week and over 60% within the past month.
Currently, Bitcoin Gold ranks 346th based on market capitalization, with a value of $226 million. It has a fully diluted valuation of $271 million and a 24-hour trading volume of $147 million.
Although the delisting will take place on January 23, users can continue to withdraw BTG until February 22, 2025. However, Upbit cautions that processing returns may take more time after this withdrawal period ends.
Bitcoin Gold is an open-source cryptocurrency created as a hard fork of Bitcoin. Its purpose is to decentralize the mining process using a Proof of Work algorithm called Equihash, which can be executed on standard Graphics Processing Units rather than depending on application-specific integrated circuits.
Launched in 2017, Bitcoin Gold is also regarded by some as a more user-friendly alternative to traditional Bitcoin (BTC).
Disclosure: This article is not intended as investment advice. The information presented on this page is for educational purposes only.