Kenne Michael 
Upbit has revealed that the BTC/STG trading pair will only take deposits from the Ethereum network. STG represents the native token of the Stargate Finance cross-chain initiative.
On August 10, 2023, Upbit will introduce several new digital assets to the BTC market, including STG. Within three hours of the announcement, the option to deposit STG will become available, though it will only accept deposits from the Ethereum network.
Following adding a new digital asset to the BTC market, Upbit has implemented order restrictions. This strategy seeks to ensure a secure trading environment and accurate market data.
During the initial phase of transaction support, STG purchases will be restricted for roughly five minutes. Selling STG will be limited to a decline of -10% or less relative to the preceding day’s CoinMarketCap closing price. There will be restrictions on the market price and pre-orders for approximately one hour.
According to CoinMarketCap, the price of the new digital asset was confirmed to be 0.0000212 BTC as of 08:08 (KST) on August 10. For safety purposes, it is recommended to consider this price. During the initial transaction support period, members should exercise caution regarding potential losses due to rapid fluctuations in market pricing.
At present, the value of STG is approximately 0.716%. Following Upbit’s announcement, there was a significant increase of over 15%.
