(Twitter) Binance says it will remove some margin and spot trading pairs of LUNA and UST at 12:40 a.m. UTC, May 13, 2022.
The exchange says it will cease trading, remove and close users’ positions and conduct an automatic settlement, including cancellation of all pending orders at 00:40 UTC.
Binance mentions that the spot trading pairs LUNA/BTC, LUNA/BIDR, LUNA/AUD, LUNA/BNB, LUNA/ETH, LUNA/USDT, LUNA/GBP, LUNA/BRL, LUNA/TRY, and LUNA/EUR will be removed. The trading activity of UST pairs BTC/UST, LUNA/UST, ETH/USD, BNB/UST, and UST/USDT will also be removed.
The announcement comes at a time when Luna has clashed more than 99% after its stablecoin UST lost its peg against the dollar. UST traded around $0.168 on Friday, sliding further away from the dollar peg.
The decline in LUNA and UST happened even as the Terra blockchain was halted on May 13. The move was prompted by a need to come up with a plan to salvage the ecosystem.
LUNAUSD is down -99.97%, BNBUSD is up +12.65%.
