Binance to Convert STG to ZRO, Delist STG Spot and Futures

This is a venue-level consolidation event rather than a market-wide one: Binance is treating the Stargate-to-LayerZero conversion as a mechanical migration, converting balances automatically and winding down both spot and perpetual exposure on separate timetables. The split schedule matters most — derivatives settle weeks before spot delisting, so holders of STGUSDT and STGUSD contracts face an earlier forced exit than spot holders, and the deposit/withdrawal suspension narrows the window for moving tokens on-chain. Whether other exchanges mirror Binance's conversion ratio and timing is the open question for anyone tracking how the merger is priced across venues.