OKEx Cryptocurrency Exchange reported on delisting Bitcoin Gold (BTG) futures contracts due to low levels of sales (liquidity), as was reported on the official site of the OKEx site.
The low level of liquidityLiquidity
– is a term that means the ability to sell any financial assets (below or above the market price). The term “liquidity” in Latin means “liquid”, “flowing”.Details of Bitcoin Gold (BTG) futures on the Hong Kong OKEx exchange will end in delisting. On Monday, January 21, a message was published about the termination of BTG tradingTrading
– is an economic term that means the process of independent trade, independent analysis of the market and the conclusion of trade transactions.Details within the Chinese exchanger.
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Delisting on OKEx
The report on support.okex.com stated that BTG contracts (weekly, two-week and quarterly) will be calculated on January 25th.
As for the pricing circumstances of the calculation, they will correspond to the cost of Bitcoin Gold (BTG) to the US dollar (USD) 1 hour before the start of the calculation. As it became known, the BTG/USD trading pair will cease to exist on OKEx at 9:00 (local time).
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"We will exclude all Bitcoin Gold (BTG) futures contracts (weekly, fortnightly, quarterly) at 9:00 am on January 25, 2019 (CET, UTC + 1) due to insufficient liquidity" – support.okex.com
In addition, the report stated that absolutely all data regarding Bitcoin Gold (BTG) futures trading will be removed from the exchange website until January 30. The management and support service of the OKEx exchanger warned about the withdrawal of the BTG from the exchange wallets.
"If you have BTG assets on your trading account (...), do not forget to transfer them before the specified time. Otherwise, we automatically transfer the assets to the address of your wallet" – support.okex.com
OKEx crypto-platform reported on BTG futures delisting – this is not the first exchange that refuses to trade Bitcoin Gold. Recall that back in September last year, the Bittrex exchanger also removed the BTG exchange from its pairs.
Editor: Pereyidenko Ihor