Latest

Luna Delisting: Which Exchanges Are Removing Or Suspending Luna After Binance Futures Delisting?

 


Luna Delisting: Binance delists LUNA while Terra proposes token burn to save UST




Concerned Luna holders are checking exchanges for a delisting or trading suspension as a result of the historic Luna coin fall.


While new Binance and Coinbase listings are common, delistings are also common, albeit for minor pairings that do not trade in the volume that Luna does.



binance futures trading,how to recover funds from binance exchange,binance exchange,binance,futures trading binance,gala coin list on binance exchange,binance tutorial,binance futures,binance missing memo,but is binance offer,binance missing crypto,binance missing deposit,delisting monero,binance spin offer loot,binance biggest loot offer,finance,bittrex delisting,delisting,binance new offer,binance loot offer,delisting dash,delisting zcash




Luna is still down 99.9% despite the Luna recovery strategy in place. So, given the current market volatility, let's see whether anyone is deleting or suspending Luna or TerraUSD trade.



Binance Removes Terra Luna Futures; Is Luna Being Removed Elsewhere?


Binance Futures has decided to temporarily halt trading on Terra LUNA futures due to the extraordinary Luna fall.


Binance's futures division indicated in an updated blog post that it is taking safeguards for Coin-Margined Luna perpetual contracts on its exchange, temporarily halting Terra Luna futures trading.


Binance Futures has also announced that from May 12th, the maximum leverage of USDT-Margined Luna perpetual futures would be reduced to 8x.


Binance Futures has also said that the LUNA/USDT futures may be delisted. "Binance will move to delist the contracts if the price of the LUNA/USDT contracts falls below 0.005 $USDT," it tweeted.



Binance had already blocked Terra Luna transactions on its exchange due to network congestion. The network congestion is still present, with a large number of outstanding Terra transactions.


Luna trading and withdrawals have also been banned on Crypto.com's exchange and app.


Bybit has also announced that the LUNA/BTC combination would be delisted after it triggered Bybit's delisting protocols. "We've chosen to delist this trading pair from Bybit's Spot platform to shield our traders from unanticipated price volatility," it stated.


On the platform, the LUNA/USDT and LUNA/USDC pairings are still accessible.


While some Luna pairings and futures contracts have been delisted and trade halted, no exchanges have completely removed all Luna pairs.


While some Luna pairings and futures contracts have been delisted and trade halted, no exchanges have completely removed all Luna pairs.


Coinbase, on the other hand, may have the opposite issue. It had previously said that Luna will be listed by June 30 with Project Galaxy, Flow, and Kusama.


Luna is currently trading at $0.009, down 99.9%. Prior to the collapse, in early April, had reached an all-time high of $119. TerraUSD, an algorithmic stablecoin that was also affected by the meltdown, is still unpegged and trading at $0.42.

 

Comments
No comments
Post a Comment



    Reading Mode :
    Font Size
    +
    16
    -
    lines height
    +
    2
    -