The largest cryptocurrency exchange in the US region, Coinbase, just announced a new altcoin listing. The difference with this listing is that it reverses a previous delisting decision. The altcoin, which was delisted last year, had seen a significant price drop. Here are the details.
Altcoin Listing Breaking News
Coinbase announced the delisting of STG Coin on March 7, 2023, and it was removed on March 14. The exchange stated that the decision was due to the altcoin no longer meeting the necessary qualifications. The decision to relist is one of the proofs that Coinbase gives altcoins another chance after delisting.
Ethereum network ERC-20 token transfers have been opened for Stargate Finance (STG). If the necessary liquidity conditions are met, Coinbase aims to list it on July 10.
Following the announcement, the STG Coin price increased by more than 15%. At the time of writing, it retains most of its gains. The biggest advantage of Coinbase’s decision to relist is the narrative that the project has passed Coinbase’s audit regarding its current status and health. Investors may regain confidence in the project due to Coinbase’s confirmation.
