Binance officially suspends spot trading for LUNA /BUSD& UST

    Binance announced in the official website that they will close LUNA/BUSD trading pair on May 13 (UTC+8), and the next day, Binance announced in the official twitter that they have suspended spot trading for LUNA /BUSD pair.

    Binance, the world’s largest crypto-crypto exchange, is one of the many exchanges that suspended spot trading for Luna tokens on April 28. The suspension was due to the re-evaluation of a number of tokens on the exchange, Binance said. “We have decided to suspend trading activities on all cryptocurrency markets due to the increasing supervision of government and financial authorities around the world,” the company wrote on its website.

    The trading has been suspended until at least June 14. A number of exchanges have stopped the spot trading activity with the LUNA token, including Huobi and OKEx, while the majority of exchanges have listed the LUNA token. In addition, the trading of the LUNA token on the OKEx platform has been suspended since May 17. It is planned to be resumed after its re-evaluation.

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