An Ethereum-based (ETH) altcoin is free-falling as the largest US-based crypto exchange platform by volume announces its delisting.
In a new announcement, Coinbase says that it’s going to be delisting cross-chain token trading platform Stargate Finance V1 (STG) starting next week as it has failed to live up to listing standards.
“We regularly monitor the assets on our exchange to ensure they meet our listing standards. Based on our most recent reviews, Coinbase will suspend trading for Stargate Finance on March 14, 2023, on or around 12pm Eastern.”
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Stablecoin-focused Stargate, which uses a “LayerZero” protocol to quickly facilitate cross-chain token exchanges, is going to be upgrading to its next iteration soon, which Coinbase says will not be supported at this time.
“On March 15,
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