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On May 13 at 17:30 (Kyiv/Moscow time), the Binance cryptocurrency exchange resumed spot trading in LUNA/BUSD and UST/BUSD pairs. At the same time, the platform opened deposits and withdrawals in the Terra ecosystem.
Update: Resumption of LUNA/BUSD and UST/BUSD spot trading is delayed.
We will send a new timeline as soon as possible.
— Binance (@binance) May 13, 2022
The company warned that there were over 6.5 trillion LUNA tokens in circulation and advised traders to consider the risks involved.
Earlier, the OKX exchange suspended operations and excluded perpetual contracts and margin trading with LUNA and the Anchor (ANC) and Mirror (MIR) DeFi protocol tokens related to the Terra ecosystem from the list of traded instruments.
On May 12, Binance delisted LUNA perpetual contracts settled in the underlying asset. On May 13, the platform made a similar decision regarding contracts settled in BUSD.
Recall that the head of the company, Changpeng Zhao, criticized the actions of Terraform Labs. According to him, the developers endangered investors, but did not take responsibility.
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Source: Cryptocurrency
