Coinbase delists Stargate Finance token ahead of v2 migration

Coinbase Global ( NASDAQ: COIN ) is suspending trading for Stargate Finance (STG-USD) token, sending its price down 9.2% to $0.69 in Wednesday afternoon trading, the cryptocurrency exchange wrote in a Twitter post. STG (STG-USD), the native token of cross-chain bridge protocol Stargate Finance, will be delisted from Coinbase ( COIN ) on March 14 on or around 12 p.m. ET. The move comes in the runup to Stargate's migration to version 2 (v2) about one week from the time of writing, in which the protocol will issue STG v2 with a new contract address. Coinbase ( COIN ) will not be supporting any airdrop of Stargate Finance (V1 or V2)," it said in a follow-up tweet , adding it "will not be facilitating any upgrade from Stargate Finance V1 to Stargate Finance V2 at this time." Last month, (Feb. 27) Coinbase said it will suspend trading for Binance USD stablecoin in March .