The recent crypto crash witnessed something never before seen in the crypto space. Terra (LUNA), which was among the top ten crypto projects up until just a few days ago, has crashed by 100%, causing major concern and panic among investors. The LUNA blockchain was also stopped after a decision was reached by the management.
With the ongoing fiasco, many major exchanges have decided to delist the token from their platforms. Here is a list of exchanges that have dropped the token.
Binance: Binance is the biggest crypto exchange in the world. The popular exchange has announced that it has temporarily suspended deposits and withdrawals on Terra (LUNA) network. Moreover, Binance Futures has also announced that trading on Terra LUNA futures will be temporarily halted.
Additionally, Binance Liquid Swap has also closed Terra liquidity pools and disabled its swap function.
Crypto.com: Due to extreme market conditions which have affected the Terra ecosystem, Crypto.com has also suspended trading of Terra, Mirror Protocol (MIR), and Anchor Network (ANC).
The exchange’s website read,
“LUNA is no longer available for new Earn deposits or new loans within Credit. Existing LUNA Earn deposits remain unaffected.”
Bybit: After triggering Bybits delisting protocols, the popular exchange announced that it would delist the LUNA/BTC pairing. The exchange said,
“To protect our traders against unforeseen price volatility, we‘ve hereby decided to delist this trading pair from Bybit’s Spot platform,”
While some Luna pairings and futures contracts have been delisted and trade halted, no exchanges have completely removed all LUNA pairs.
Coinbase, on the other hand, may have the opposite issue. It had previously been said that Terra will be listed by June 30th, the same can be said about Project Galaxy, Flow, and Kusama. We are yet to hear from these exchanges regarding their plans.
At press time Terra was trading at $0.00002811, falling 100% from its all-time high of $119.18, which it attained just over a month ago.