Bitcoin
$60,990.52-4.52%
Ethereum
$2,965.38-4.13%
Binance Coin
$543.30-0.20%
Solana
$130.60-6.58%
XRP
$0.48955925-1.67%
Dogecoin
$0.14472548-7.35%
Toncoin
$5.86-9.82%
Cardano
$0.44029589-3.65%
Shiba Inu
$0.00002174-3.66%
Avalanche
$33.58-3.59%
Tron
$0.10938143-3.22%
Wrapped Bitcoin
$59,856.55-6.40%
PlayIconNav
Crypto Prices CoinDesk 20 Index CoinDesk 20 Index
Consensus 2024Price Increase Extension Ends In
02
DAYS
13
HR
11
MIN
42
SEC
Markets

LUNA, UST Still Available on FTX and Other Exchanges Despite Terra Blockchain Halt

Transactions conducted during the blockchain halt are not considered to be final because they can’t be settled.

By Sam Reynolds
AccessTimeIconMay 13, 2022 at 4:19 a.m. UTC
Updated Apr 14, 2024 at 10:36 p.m. UTC
VolumeMuteUnmute
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Despite a second halt of the Terra blockchain by its validators, the protocol’s LUNA token and UST algorithmic stablecoin remain available to trade on FTX and other minor exchanges as of late morning Asia time.

  • FTX and China-focused exchange Gate.io continue to trade the luna token.
  • Between its USD and USDT trading pairs, FTX has nearly $445 million in volume during the last 24 hours, according to CoinGecko.
  • Meanwhile, Gate.io reports $84 million in volume during the last 24-hours for luna.
  • Thai-based exchange Bitazza was trading both luna and UST up until early Friday morning Asia time, then pulled the plug on both.
  • UST continues to be traded at FTX and KuCoin, with $678 million in volume during the last 24 hours at FTX and $248 million at KuCoin.
  • Binance and many other major exchanges halted trading of LUNA and UST as both neared $0 and the Terra blockchain was shut down the first time.
  • It’s unclear if the Terra blockchain will ever be restarted, meaning that the trades may never be settled and traders unable to cash out.
  • UPDATE (May 13, 17:06 UTC ): According to a tweet from Binance CEO Changpeng Zhao, deposits, withdrawals and trading of the tokens has resumed on that company's platform.


Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.