The administration of Bittrex crypto exchange earlier announced it was going to terminate maintaining operations with the digital currency Bitcoin Gold starting September 14. The main reason to remove all the existing trading pairs for BTG (against BTC, ETH and USDT) from the platform was a disagreement between the site and the coin’s developers team, Bitcoin Gold press center said in a statement.
Bitcoin Gold developers refused to pay 121,372 BTG coins as a compensation for the losses faced from the attack in May of this year. The creators of the digital coin decided not to pay anything even after Bittrex reduced the compensation to 6,000 coins.
As a result, it was decided to remove Bitcoin Gold from the list of trade positions serviced at Bittrex.
“The Bitcoin Gold team is not responsible for security policy within private entities like Bitrex; those who earn revenue running a private business must manage the related risks and are ultimately responsible for their own security” — the official message of the developers stated.
Earlier in May, several cryptocurrency trading platforms suffered losses simultaneously as a result of an attack on the Bitcoin Gold network organized by one miner.
WHY IS IT IMPORTANT?
- After the attack, BTG’s developer team was able to successfully implement a hardfork, which allowed to strengthen the security of the project. After delisting, the Bitcoin Gold team urged the crypto community not to panic and noted that terminating operations at Bittrex will not significantly affect the market rate.
- BTG currently stands at number 29 in top-100 cryptocurrencies showing a slight rise by 0,91% and trading at $21,49 with the market capitalization of $370,778,486.