BitFlyer is the only Japanese exchange that will support BitcoinGold

It is undeniable that many discussions are taking place around Bitcoin Gold, and one of the most relevant questions that users are asking is which exchange traders will support this new currency. In Japan, for example, the opinions of the moment are divided, but the most recent news is that the exchange BitFlyer plans to distribute and exchange the altcoin, while the other platforms have opted to wait to see how the situation evolves.

Considering the lack of public source code associated with Bitcoin Gold, supporting the altcoin is, at the moment, complicated. Such is the case that BitFlyer is the only Japanese exchange that will credit its users with this new token, and so far they have announced that they will allow the negotiation of the same from November 1st. However, it is necessary to remember that from this point to date many things can happen, and that is precisely why most of the exchange platforms in the country have not given their approval at this time.

Thus, in Coincheck are not very interested in supporting BTG right now, just as Zaif and Fisco have already announced that they will not admit or credit balances to their customers. Taking into account that Bitcoin Gold has nothing to do with Bitcoin’s blockchain, we are talking about a token that will have all the characteristics of an altcoin and that should be treated as such, regardless of whether its name begins with Bitcoin. Although many people will not agree with this decision, BTG is a very controversial currency and that each user is free to support the altcoin he prefers.

Yes, the number of proposals that want to compete with Bitcoin is not limited, but to date, no cryptocurrency is approached. Bitcoin Cash is far from doing it and although it is likely that BTG and SegWit2x do not get superlative results, at the end of the day nothing is written in stone and the landscape is always subject to change. It should be noted that in relation to China, Huobi Pro has already announced that it will support the new altcoins, while Coinone and Coinnest did the same on behalf of South Korea … In the coming days will appear more exchanges announcing their stance, so we must be attentive.

Eduardo Gómez

Eduardo Gómez

Eduardo Gómez is a Venezuelan freelance writer and Information's Technology Professional. He discovered Bitcoin in 2012 and has been drawn to it ever since. He also works as a Customer Support Agent at the San Francisco-based Bitcoin startup Purse.io