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Crypto Exchanges Are Delisting Terra Tokens After Meltdown

  • Binance, OKX and Coinbase were investors in Terra blockchain
  • Luna was once one of the largest tokens by market value
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Some of the largest cryptocurrency exchanges are suspending or starting to delist the tokens associated with the collapsing Terra blockchain, even those that were investors in the troubled network.

OKX, one of the largest crypto exchanges, is terminating all trading of UST, LUNA, as well as two other tokens on the blockchain, Anchor and Mirror. FTX is delisting LUNA perpetual swaps. Before resuming earlier Friday, Binance, the world’s largest exchange by trading volume, said that it suspended spot trading for LUNA, the native token of Terra blockchain and TerraUSD, or UST, the dollar stablecoin that lost its peg, against Binance’s stablecoin Binance USD. Huobi took similar measures. Crypto.com announced that it has suspended trading of LUNA, Anchor and Mirror. Coinbase, Global Inc. will suspend trading May 27.