Upbit, the largest South Korean exchange, announced on January 23, 2025, its decision to cease trading support for Bitcoin Gold (BTG) due to non-compliance with Upbit's trading standards. This move came after Upbit had listed BTG as a cautionary asset on December 10, citing concerns about transparency and viability. Despite efforts to address these issues, Upbit found that BTG did not meet its requirements. Following the delisting, all public offers for BTG will be withdrawn, and users are advised to take necessary actions by January 23. Upbit also stated that BTG holders will no longer receive wallet upgrades or airdrop support. This action reflects a trend of exchanges holding digital assets to higher standards to protect investors. The market responded to the news with a 7.9% price drop for BTG, underscoring the importance of exchange support for altcoin projects. The delisting serves as a warning to other projects in the cryptocurrency space to prioritize governance and transparency to maintain investor confidence. Read more AI-generated news on: https://app.chaingpt.org/news