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Binance has resumed trading LUNA and UST in pairs with BUSD


On May 13 at 17:30 (Kyiv/Moscow time), the Binance cryptocurrency exchange resumed spot trading in LUNA/BUSD and UST/BUSD pairs. At the same time, the platform opened deposits and withdrawals in the Terra ecosystem.

The company warned that there were over 6.5 trillion LUNA tokens in circulation and advised traders to consider the risks involved.

Earlier, the OKX exchange suspended operations and excluded perpetual contracts and margin trading with LUNA and the Anchor (ANC) and Mirror (MIR) DeFi protocol tokens related to the Terra ecosystem from the list of traded instruments.

On May 12, Binance delisted LUNA perpetual contracts settled in the underlying asset. On May 13, the platform made a similar decision regarding contracts settled in BUSD.

Recall that the head of the company, Changpeng Zhao, criticized the actions of Terraform Labs. According to him, the developers endangered investors, but did not take responsibility.

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My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

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