Binance Opens LUNA 2.0 Trading in the Innovation Zone for High-Risk Crypto Assets

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Cryptocurrency exchange Binance announced that it will host Terra 2.0 (LUNA) in the innovation zone and will open trading in LUNA/USDT and LUNA/BUSD pairs on May 31 at 06:00 UTC.

The exchange drew the attention of users thatThe Innovation Zone is a specially created trading area where users can trade new crypto assets that have increased volatility and pose a higher risk of loss to traders. Therefore, if wishing to trade in this sector, users must first complete a questionnaire as part of the initial Binance disclaimer.

"Terra 2.0 (LUNA) is a new token that may pose a higher risk than usual and may therefore be subject to volatility. Please ensure that you implement all necessary risk management measures and fully understand the project before deciding to trade the token,” the exchange said.

As a reminder, the Terra community and managementTerraform Labs abandoned the algorithmic stablecoin TerraUSD and created a new blockchain, renaming the existing network Luna Classic (LUNC). There was also an airdrop of 1 billion LUNA 2.0 between participants in the Terra ecosystem.

Launching LUNA 2.0 was unstable: in the first few hours of trading last Saturday, the price instantly fell by up to 80%. According to CoinMarketcap, LUNA 2.0 opened trading in the $17-$18 range, then jumped to $19.53 and fell to $3.9. At the time of publication, LUNA 2.0 is trading around $6.11.