Due to low short-term contracts liquidity the futures will be delisted from the exchange.
OKEx is planning to delist all Bitcoin Gold (BTG) futures contracts at the end of the month. The decision comes amid low liquidity of the financial instrument, according to OKEx’s latest announcement.
All short-term contracts will be settled on January 25 in accordance with the price set an hour before delivery.
Additionally, all trading records, related to BTG futures, will be deleted on January 30. The clients are encouraged to download the data before the above mentioned time.
Any remaining asset will be transferred automatically to user wallets after January 30.
Bitcoin Gold price has dropped to $11, a far cry from its record high of $469 in December 2017. Having lost 98% of its value in 13 months, it is now 27th in the list of biggest blockchain projects by capitalisation.