OKX Revokes Terra and UST LUNA Claims User Protection


Crypto exchange OKX said it planned to end spot listings of UST

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OKX Delists Terra's LUNA and UST Citing User Protection

 

Crypto exchange OKX said it plans to end UST's spot list and revoke Terra's margin and ecosystem token borrowing services such as LUNA, anchor (ANC) and mirrors (MIR).

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Rival Binance, the largest crypto exchange in the world. It also suspended spot trading for LUNA and UST with its own stable BUSD on Friday. But founder Changpeng "CZ" Zhao said in a tweet at 3:50 p.m. UST that trading in LUNA has resumed.

OKX plans to end trading on the UST exchange for bitcoin (BTC), avalanche (AVAX), solana (SOL) and ether (ETH) as of 10 a.m. UTC, adding the cancellation of margin and borrowing trading. For the previous LUNA, the ANC and MIR Perpetual Swap was suspended at 8.00 UTC.

“The shaky crypto market movements we have seen this week are likely to provide a harsh lesson,” OKX Director Lennix Lai said in an email. decentralized finance) after the UST failure

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