Binance Resumes LUNA Trades & Releases List Of Suspended Trades & Delistings | Coinbase Terra News Update

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The crypto market is in a whirl since the latest Terra crash, with fear overcoming a majority of traders and investors. The big question on everyone’s mind is, who will fall next… or will the crash stop with LUNA.
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One reason for wondering if it’s over is Binance’ resumption of their relationship with Terra.

Binance Resumes LUNA Trade

This announcement came in just yesterday, May 13, 2022:

The Terra blockchain validators have decided to resume block production, disable on-chain swaps, and close IBC channels.
Binance will resume spot trading for LUNA/BUSD and UST/BUSD trading pairs on 2022-05-13 at 14:00 (UTC). Deposits and withdrawals for LUNA and UST will also open at the same time.
Please ensure that you have done your own research into the fundamentals of LUNA and UST before trading.

Biance Delistings/Suspensions

Binance Margin to Delist ANC and MIR on Cross Margin and Isolated Margin, 2022-05-12
Binance Futures Will Delist USDT-Margined ANC Perpetual Contract, 2022-05-12
Notice of Removal of Trading Pairs and Updates on Tick Size for Spot Trading Pair – 2022-05-13, 2022-05-12
Binance Futures Will Delist LUNA USDT-Margined Contract, 2022-05-12
Binance Margin to Delist LUNA on Cross Margin and Isolated Margin, 2022-05-12
Binance Futures to Delist Coin-Margined LUNA Perpetual Contracts and Update the Leverage & Margin Tiers for USDT-Margined LUNA Perpetual Contracts, 2022-05-11
Notice of Removal of Trading Pairs – 2022-05-19, 2022-05-11
Notice of Removal of Trading Pairs – 2022-05-12, 2022-05-09
Binance Futures Will Delist FTTBUSD USDT-Margined Contract, 2022-05-08
Notice of Removal of Trading Pairs – 2022-04-28, 2022-04-25
Notice of Removal of Trading Pairs – 2022-04-21, 2022-04-18
Binance to Delist and Cease Redemption for XTZUP, XTZDOWN, LTCUP & LTCDOWN Leveraged Tokens (2022-04-07), 2022-04-07
Binance Will Delist HEGIC, RENBTC and SUSD on 2022-04-11, 2022-04-04
Binance Futures Will Delist 1000BTTC and YFII USDT-Margined Contracts, 2022-04-03
Notice of Removal of Trading Pairs – 2022-04-01, 2022-03-24
Notice of Removal of Trading Pairs – 2022-03-18, 2022-03-10
Notice of Removal of Trading Pairs – 2022-03-10, 2022-03-07
Binance Will Delist BCD, CND, MTH, NCASH and YOYO on 2022-03-08, 2022-02-28
Notice of Removal of Trading Pairs – 2022-03-03, 2022-02-28
Notice of Removal of AXS/BIDR Trading Pair – 2022-02-25, 2022-02-21

Binance Delisting Update May 13, 2022

Binance will remove and cease trading on the following trading pairs at 2022-05-14 03:00 (UTC):
Margin Pairs: AKRO/BTC, CKB/BTC, RSR/BTC
Binance will remove and cease trading on the following trading pairs at 2022-05-14 04:00 (UTC):
Spot Pairs: AKRO/BTC, CKB/BTC, RSR/BTC
Please note:
  • Users can still trade the above assets on other trading pairs that are available on Binance.
  • At 2022-05-13 04:00 (UTC), Binance has suspended AKRO/BTC, CKB/BTC and RSR/BTC isolated margin borrowing.
  • At 2022-05-14 03:00 (UTC), Binance will close users’ positions, conduct an automatic settlement and cancel all pending orders on the AKRO/BTC, CKB/BTC and RSR/BTC isolated margin pairs, and then delist the AKRO/BTC, CKB/BTC and RSR/BTC isolated margin pairs.

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Coinbase To Suspend USD and WLUNA

Crypto exchange giant Coinbase is announcing plans to suspend trading of TerraUSD (UST) and Wrapped Luna (WLUNA) on all levels of the platform.

Coinbase Assets recently made the announcement on Twitter that, in light of extreme volatility within the Terra (LUNA) ecosystem, UST and WLUNA trading will be suspended in two weeks.

Coinbase also assures customers the suspensions will not affect users’ abilities to access UST and WLUNA already within their wallets.

“The trading suspension will not affect customers’ access to UST & WLUNA wallets which will remain available for deposit and withdrawal functionality after the trading suspension…

We will continue to monitor developments related to UST & WLUNA and update our customers as more information becomes available.”

TerraUSD is a LUNA-based stablecoin designed to maintain a 1:1 price peg with the US dollar (USD). UST has crashed hard this week and is currently trading for $0.11, down 89% from its $1 peg. UST’s unexpected crash has brought down Terra with it, dropping the blockchain by over 99% in the last week. Wrapped LUNA token is designed to maintain a 1:1 peg with Terra and has also crashed as a result.

Terra, a top ten crypto by market cap just last week, has now dropped out of the top 100.

As Coinbase prepares to suspend LUNA trading in two weeks, Binance suspended LUNA and UST trading with Binance USD (BUSD) earlier today, only to resume the trading pair later in the day. Though Binance users can trade LUNA and UST with BUSD, trading with Tether (USDT) has been suspended on the platform.

Featured Image: Shutterstock/Catalyst Labs

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