Bittrex has changed its mind and has flipped flopped on its decision to issue Bitcoin Gold (BTG) to its users. Previously it was reported that Bittrex would support Bitcoin Gold (BTG), and was planning on issuing it on a 1:1 basis to all users who had Bitcoin (BTC) in their wallet at the fork time. However things have quickly changed, and the 3rd largest cryptocurrency exchange has indicated they no longer plan on listing Bitcoin Gold (BCG) when it starts trading upon the hard fork come this November.
Bittrex issued an official statement on Sunday stating that they weren’t going to integrate Bitcoin Gold (BCG) in their platform due to glaring technical lacks and concerns, as well as the infancy nature of the project, specifically:
- Fully formed consensus code
- Implemented replay protection
- Adequate code for testing and auditing
- Publicly known code developers
The Bittrex team further added:
When considering adding tokens to Bittrex exchange we look at the risks involved. Bitcoin Gold does not satisfy our criteria for safety for our users. Taking a snapshot of the Bittrex exchange Bitcoin wallet is also a large disruptive undertaking that requires over 24 hours of preparation (Bitcoin deposits and withdrawals are also suspended during this time) and should not be taken lightly.
Could this be the beginning of the end of Bitcoin Gold (BCG)? Clearly in order to have a successful cryptocurrency, you need major exchanges support, and failing to get Bittrex, Coinbase and others on board is a huge problem.
Invest wisely my friends!