Here’s Every platform that is supporting Terra 2.0

Sahana Kiran
Source – Unsplash

The noise that Terra created with its crash reached every part of the world. Both the network’s native assets LUNA and UST lost their entire value sending investors into a frenzy. Baffled by the losses the community struck Do Kwon, the creator of Terraform Labs [TFL] with immense backlash. While dealing with the backlash, Kwon was hit with regulatory heat from all around the globe.

Amidst all the chaos, Kwon and the network rolled out several revival plans. However, the one that made it, was the proposal to initiate a fork. The community welcomed Terra 2.0 yesterday with 65 percent of LUNA holders pushing for a fork. While crypto platforms like HitBTC announced their backing of Terra 2.0 even before its launch, other exchanges followed suit today.

With Terra 2.0 all set to go live on the 27th of May 2022, these exchanges will reportedly aid the network’s transition.

Sam Bankman Fried-led crypto exchange FTX seems to have trust in Terra 2.0 as it was all set to onboard LUNA 2.0.

Just yesterday, exchanges like Binance and Huobi revealed that they would be supporting Terra and its brand new chain. Crypto exchange Biture took things up a notch and announced that it would be the first to launch LUNA 2.0 trading.

Earlier today, revealed that it would support both the migration and airdrop of Terra 2.0. Along with this exchange, KuCoin and well as ByBit extended support for the big launch. Prominent exchange, also jumped onto this bandwagon.

More recently, Bitfinex took to Twitter and revealed that it would support the LUNA airdrop.

Furthermore, LBank became the latest exchange to extend an olive branch to the new version of Terra.

South Korean exchanges to ignore Terra 2.0?

Terra has been facing the most amount of regulatory heat from South Korea. With the financial watchdogs of the country keeping an eye on all things crypto, exchanges were trying to play it safe. Just yesterday, rumors about Kwon urging five Korean exchanges to onboard LUNA 2.0 made rounds on Twitter. However, the community speculated that exchanges wouldn’t take the risk of supporting the network.

Upbit, the largest crypto exchange in South Korea took a different route and announced its support for the LUNA airdrop. The exchange, however, affirmed that it would not support LUNA 2.0.

Another crypto exchange, Korbit outrightly revealed that it would delist LUNA suggesting that it would harm the public interest. In addition to this, Korbit believed that it damaged the firm’s business.

Move over South Korean exchanges, US-based platforms like Coinbase and Gemini continue to steer away from Terra and its new chain.