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Amid the collapsing Terra network’s cryptocurrencies Luna (LUNA) and TerraUSD (UST), crypto exchange Binance continues deactivating related trading services. As the selling frenzy continued on Terra’s native assets LUNA and UST, BitMex became the latest to limit trading services of the said tokens. On at Binance, the world’s largest cryptocurrency trading platform, announced that it would remove many Terra (LUNA) and TerraUsd (UST) currency pairs from the list after The world’s largest crypto exchange Binance today announced that it had removed trading pairs for both LUNA and stablecoin UST. The Terra ecosystem tokens were Following a massive drop in the crypto industry, which saw LUNA depegged, Binance suspended all kinds of LUNA and UST trading on its site. Several issues Binance Exchange has announced it will be delisting many Terra (LUNA) and TerraUSD (UST) pairs in the wake of the unprecedented meltdown. LUNA’s dark days worsen as Binance delists it, and UST After the collapse of the Terra Ecosystem, Binance jumps ship. The company also stated that it would terminate Binance has removed all LUNA and UST trading pairs on Binance Convert due to the recent volatility of the assets. We apologize for any inconvenience. Risk warning : On May 12, Binance announced the suspension of perpetual contracts on the LUNA/USDT pair after lowering the authorized leverage to 8x. This move comes after a

Binance and BitMEX Delist LUNA and UST Trading Options Amid Terra Collapse

Amid the collapsing Terra network’s cryptocurrencies Luna (LUNA) and TerraUSD (UST), major crypto exchanges like Binance and BitMEX are reacting. This page provides the latest updates on the delisting of LUNA and UST trading options and what it means for investors.

Binance Delists LUNA and UST Trading Pairs

As the selling frenzy continued on Terra’s native assets LUNA and UST, Binance, the world’s largest cryptocurrency trading platform, announced that it would remove many Terra (LUNA) and TerraUsd (UST) currency pairs from its platform. Following a massive drop in the crypto industry, which saw LUNA depegged, Binance suspended all kinds of LUNA and UST trading on its site. Several issues prompted this action.

The world’s largest crypto exchange Binance today announced that it had removed trading pairs for both LUNA and stablecoin UST. The Terra ecosystem tokens were severely impacted. Binance Exchange has announced it will be delisting many Terra (LUNA) and TerraUSD (UST) pairs in the wake of the unprecedented meltdown. LUNA’s dark days worsen as Binance delists it, and UST.

After the collapse of the Terra Ecosystem, Binance jumps ship. The company also stated that it would terminate Binance has removed all LUNA and UST trading pairs on Binance Convert due to the recent volatility of the assets. We apologize for any inconvenience.

BitMEX Limits Trading Services

BitMex became the latest exchange to limit trading services of LUNA and UST tokens, joining Binance in taking action to protect its users from the extreme volatility.

Risk Warning and Perpetual Contracts

Risk warning: On May 12, Binance announced the suspension of perpetual contracts on the LUNA/USDT pair after lowering the authorized leverage to 8x. This move comes after a period of intense volatility and uncertainty surrounding the Terra ecosystem.

What This Means for Investors

The delisting of LUNA and UST trading options on Binance and BitMEX significantly limits the ability of investors to trade these tokens. This can lead to increased illiquidity and potential losses. Investors are advised to exercise extreme caution and conduct thorough research before making any decisions regarding LUNA and UST.

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