UST and WLUNA trade has been suspended on Coinbase.com, Coinbase Pro, and Coinbase Exchange. Wallets such as UST and WLUNA are unaffected. The deposit and withdrawal features will remain available.
Terra’s tokens, including as UST, LUNA, Anchor, and Mirror, have been delisted as a result of the ecological calamity. Coinbase, one of the most popular cryptocurrency exchanges, has announced that trade in UST and Wrapped LUNA (LUNA) coins would be prohibited. WLUNA coins are Ethereum-based ERC-20 tokens that are LUNA-specific. The trade embargo that took effect on May 27th. Due to the Terra network’s congestion and excessive dilution, Coinbase has encountered partial failures. This reminds me of an event that happened in early May with Binance.
Coinbase made the following announcement:
“The trading halt will have no impact on customers’ access to their UST and WLUNA wallets, which will continue to accept deposits and withdrawals following the halt.”
On the volatile cryptocurrency market, erra (LUNA) and TerraUSD (UST) are losing a lot of money. Unbelievably, a cryptocurrency that had previously ranked in the top ten by market valuation has perished brutally. LUNA hit an all-time high of $119.18 USD in early April. TerraUSD (UST), formerly one of the most popular stablecoins, has yet to rebuild its peg.
The post Coinbase has been suspended UST and WLUNA trade appeared first on NFT News Pro.