Terra and UST were recently opened to spot trading after being delisted. According to the announcement made by Binance, LUNA/BUSD and UST/BUSD pairs will resume spot trading as of today. Altcoin pairs AKRO/BTC, CKB/BTC, and RSR/BTC are delisted.
Binance is delisting these altcoin pairs
Binance will stop the following trading pairs as of May 14. Users who have not yet made a transaction are given a period of time for exchange. As of May 14, 06:00, users will not be able to make any more transactions.
- AKRO/BTC
- CKB/BTC
- RSR/BTC
Other cryptocurrencies that left the Binance list were LUNA/BUSD and UST/BUSD. According to the official announcement, Terra validators have decided to resume block production, disable on-chain swaps and close IBC channels. Now the LUNA/BUSD and UST/BUSD pairs will resume spot trading as of today. Deposits and withdrawals for LUNA and UST are also opened at the same time. A warning from Binance:
Please make sure you do your own research on the fundamentals of LUNA and UST before trading.
CZ’s Terra and UST statement
As we covered in the news of Kriptokoin.com, Binance CEO Changpeng Zhao (CZ) made critical statements about the Terra ecosystem today. He explained that the Delist decision was taken to prevent any grievances as investors continue to buy despite the high LUNA supply. Stating that they could not get a response even though Binance contacted the Terra team, CZ cited the $650 billion Ronin hack attack as an example, saying that they were able to eliminate the grievances after the planned and determined work of the Axie Infinity team, but the Terra team reacted negatively to this event.
TerraUSD and LUNA at price and market value since big sell-off in ecosystem had a real decline. TerraUSD (UST), the third largest stablecoin by market capitalization, experienced a disastrous collapse from the dollar to as low as $0.67 on Tuesday. At the time of writing, the LUNA is trading at $0.00008327 and the UST at $0.1857.
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