Cryptocurrency update : Luna coin disappeared from some exchange platform! Know the reason for this.

Luna coin is in a lot of discussion since last few days. The reason for this is the crash of luna coin. Where this coin was seen as a stable coin. Now, due to this coin, the investors are facing the loss of millions of crores of dollars. Due to which most of the crypto exchanges have removed this coin from their platform.

What is Luna Coin?

Terra (LUNA) is a comprehensive payments network on the blockchain. The platform hosts a variety of stable coins, each pegged to different fiat currencies. The LUNA token is used as collateral for these stable coins and also fuels the network.

Why are crypto exchanges delisting this?

Ever since the Indian government has imposed tax on crypto. Since then there has been an earthquake in the crypto market. Which has caused a lot of damage to most cryptocurrencies. Due to which LUNA coin as well as many other cryptocurrencies have suffered losses for the past few days. But where the price of LUNA coin was more than ₹6000. Even now its price has been ₹ 0. Because of which many crypto exchange platforms are removing it from their platform.

Delisted from which crypto exchange?

If we talk about the delisting of LUNA coin, then many crypto exchanges have removed it from their platform. It has been delisted from exchanges such as Zebpay, CoinDCX, coinswitch and Binance.

However, exchanges like Geotus have not removed LUNA from their platform yet. Geotus CEO Vikram Subburaj believes that, if the Terra blockchain starts up again, things could turn upside down, however, the chances are slim.