The world’s largest cryptocurrency exchange, Binance announced the relisting of Terra (LUNA) and TerraUSD (UST), resuming spot trading of LUNA/BUSD and UST/BUSD after being taken down early May 13.
<h2><strong>LUNA and UST Spot Trading Back on Binance</strong></h2>
Following the most volatile week in the history of crypto where UST de-pegged to 11 cents and LUNA lost 99.999% of its value, cryptocurrency exchange Binance has reactivated trading in the BUSD pairs.

“Binance will resume spot trading for LUNA/BUSD and UST/BUSD trading pairs on 2022-05-13 at 14:00 (UTC). Deposits and withdrawals for LUNA and UST will also open at the same time,” the announcement <a href="https://www.binance.com/en/support/announcement/f0c1cc8fb6454d1aa253bd6aec52580c" target="_blank" rel="noopener">statement</a> read.

Both coins were delisted from the platform with trading halted for less than 24 hours before it was restarted. While the relisting was delayed by several hours, it's now currently live, with LUNA trading at around $0.00007 and UST at $0.16.

https://twitter.com/binance/status/1525113628139061248
<h2><strong>Binance CEO Cautioned Investors Despite LUNA/UST Relisting</strong></h2>
Earlier this week, the CEO of Binance, Changpeng Zhao expressed disdain as to how the Terra team handled the whole LUNA/UST fiasco. Citing these concerns, CZ added that Binance <a href="https://www.cryptoknowmics.com/news/crypto-exchange-binance-delists-luna-and-ust-stablecoin" target="_blank" rel="noopener">decided</a> to delist LUNA and UST from their trading platform.

https://twitter.com/cz_binance/status/1525060775391510529

However, after relisting LUNA and UST on its platform, CZ tweeted saying, ‘At least, there is progress,’ over the Terra blockchain ecosystem. At the same time, he cautioned, ‘Please do NOT buy a coin just because trading is on. DYOR! EXTREME caution!’

https://twitter.com/cz_binance/status/1525141401176051714

Binance Relists LUNA and UST Spot

Binance announced the relisting of Terra (LUNA) and TerraUSD (UST), resuming spot trading of LUNA/BUSD and UST/BUSD after being taken down early May 13.

Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.

Binance Relists LUNA and UST Spot

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