Terra LUNA Suspended by Binance, CoinSwitch Kuber And CoinDCX After Complete Free Fall Amid Cryptocurrency Crash
The market capitalization of the token slumped from around $30 billion to around $6 million during this period.
Indian crypto exchanges are following their global counterparts, and delisting the stablecoin Luna. At the moment Binance, CoinSwitch Kuber and CoinDCX, top exchanges in the country in terms of trading volumes, have delisted the beleaguered tokens from their platforms, after prices of the stablecoin fell to nearly zero over the past seven days.
Check Tweets:
The last few days have been tough for all of us. The meltdown of the #Terra ecosystem and LUNA have been rapid and devastating. After careful deliberation, we have decided to delist #LUNA from @CoinSwitchKuber .
— Ashish Singhal (@ashish343) May 13, 2022
1. At #Binance we prioritize user protection. We made the decision to suspend LUNA and UST trading. Here's why.
A thread 👇
— CZ 🔶 Binance (@cz_binance) May 13, 2022
📢Delisting Notice: UST & LUNA
👉We have delisted UST & LUNA from CoinDCX App on May 13, 2022.
👉Kindly note that users can continue to trade the above assets using other trading pairs available on CoinDCX Pro & CoinDCX Web Platform.
— CoinDCX Cares (@CoinDCX_Cares) May 13, 2022
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(The above story first appeared on LatestLY on May 13, 2022 05:30 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).
