On May 13 at 17:30 Kyiv/Moscow time, the cryptocurrency exchange Binance resumed spot trading in the LUNA/BUSD and UST/BUSD pairs. At the same time, the platform opened deposits and withdrawals in the Terra ecosystem.
Spot trading for LUNA/BUSD and UST/BUSD will resume at 2:30pm UTC, May 13 2022.
— Binance (@binance) May 13, 2022
The company warned that more than 6.5 trillion LUNA tokens are in circulation, and advised traders to consider the associated risks.
Earlier OKX suspended operations and removed from the list of tradable instruments the perpetual contracts and margin trading for LUNA and the Terra ecosystem tokens tied to DeFi protocols Anchor (ANC) and Mirror (MIR).
On May 12 Binance excluded the perpetual contracts settled in the base asset for LUNA from listing. On May 13 the platform made a similar decision regarding contracts settled in BUSD.
As noted, Changpeng Zhao, the head of the company, criticised Terraform Labs’ actions. He said the developers had put investors at risk but had not taken responsibility.