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Home» Markets»Binance has resumes LUNA and UST deposits and withdrawals

Binance has resumes LUNA and UST deposits and withdrawals

rocketman 13 May 2022 Markets Comments Off on Binance has resumes LUNA and UST deposits and withdrawals 91 Views

Binance, the world’s largest cryptocurrency exchange by trading volume, has announced a resumption to spot trading for Terra (LUNA) and TerraUSD (UST) pairs.

The crypto exchange suspended trading in the LUNA/BUSD and UST /BUSD  in the wake of Terra’s meltdown. But in a sign that the market could yet see a rebound in the UST stablecoin, and currently ‘buried’ LUNA, Binance is allowing trading. 

The exchange wrote in a notice to its users that the decision follows the Terra blockchain validators’ move to “resume block production, disable on-chain swaps, and close IBC channels.”

“Binance will resume spot trading for the following trading pairs at 2:00 pm UTC, May 13, 2022. LUNA/BUSD and UST/BUSD.”

Binance will resume spot trades for the following pairs of trading pairs at 2:20 UTC on May 13, 2022.

🔸 LUNA/BUSD
🔸 UST/BUSDhttps://t.co/T4oD0dQdHT

— Binance (@binance) May 13, 2022

Customers can also withdraw and deposit cryptocurrencies. However, customers are asked to do their research before proceeding.

“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,” Binance noted.

Binance however has removed the two tokens. ConvertAnd Earn platforms.

UST has been de-pegged from USD since the loss of parity on 9/05/2009 and is currently at 79%.

Binance deposits LUNA resumes UST withdrawals 2022-05-13
Tags Binance deposits LUNA resumes UST withdrawals
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Posted by : rocketman
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