Binance: Delisting Terra's LUNA If It Falls Below 0.005 USDT
If the trading pair is delisted, users will no longer be able to trade LUNA for USDT on Binance. Binance warned on Thursday that if the price of LUNA went below 0.005 Tether, or around half a penny, it will delist the LUNA/Tether trading pair. Terra shut down its whole network shortly after Binance issued its tweet, leaving the circulating supply of 34 billion LUNA in limbo, and then restarted it around two hours later. LUNA is the Terra ecosystems native token. According to CoinMarketCap, its price has dropped as low as $0.01302 in the last 24 hours, representing a 99 percent drop for the second day in a row. It was trading at $0.02074 as of this writing. Binance has already reduced the tick size, or minimum transaction size, for various LUNA trading pairs, including the euro, British pound, Ethereum, and Australian dollars, by the time it made the news early Thursday. Binance has had to do this several times in the last week since the price of LUNA has fallen below the minimum transaction size, making it hard for individuals to cash out. The exchange, which offers over 600 cryptocurrencies, has seen $6 billion in LUNA trades in the last 24 hours, accounting