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Binance Delists LUNA and UST Amid Terra Ecosystem Death Spiral

Binance Delists LUNA and UST Amid Terra Ecosystem Death Spiral
Things are not getting any better for the Terra ecosystem as Binance has now decided to delist LUNA and UST trading pairs.

On May 13, Binance, the world’s largest crypto exchange by volume, posted a notice of removal of some margin and spot trading pairs.

The exchange added that it will remove and cease trading, close users’ positions, conduct an automatic settlement, and cancel all pending orders at 00:40 UTC.

The spot trading pairs to be removed included LUNA/BTC, LUNA/BIDR, LUNA/AUD, LUNA/BNB, LUNA/ETH, LUNA/USDT, LUNA/GBP, LUNA/BRL, LUNA/TRY, and LUNA/EUR.

It was also ceasing trading activity for the UST stablecoin, removing the following pairs: BTC/UST, LUNA/UST, ETH/UST, BNB/UST, and UST/USDT. The company also axed the BUSD-margined perpetual contract LUNA/BUSD.

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