Cryptocurrency exchange Upbit announced on August 10, 2023 that it has added a new digital asset to the BTC market: Stargate Finance (STG).
According to the announcement, STG deposit support will begin within 3 hours of the announcement, and STG will only support deposits from the Ethereum network.
Trading support for STG will start at 09:00 on August 10, 2023, and initially there will be some restrictions on trade orders, market price and limit orders for approximately 1 hour.
Upbit also reminded its members of the investment risks and deposit ratings associated with digital assets. Investments in digital assets may be subject to sharp price fluctuations due to speculative demand and changes in the regulatory environment at home and abroad.
STG (Stargate Finance) is a project that aims to create a cross-chain bridge protocol that connects various blockchains such as Ethereum, Binance Smart Chain, Polygon, Solana, Avalanche, Fantom.
STG allows users to transfer their assets between different chains with low fees and high security, and also provides a platform for developers to build cross-chain DApps and services.
*Not investment advice.