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Indodax Reopens Terra LUNA Trading Tomorrow 17 May, but…

Jakarta

PT Indodax Nasional Indonesia will reopen trading for the Terra LUNA crypto. It is planned that the opening will take effect tomorrow, Tuesday, May 17, 2022, at 16.00 WIB.

However, it should be noted that Terra LUNA trading is not opened for the IDR market or the value that refers to rupiah. Instead, for the USDT or United States Dollar Tether market, the value refers to the United States (US) dollar.

“In connection with the cessation of trading transactions for LUNA crypto assets on the IDR market on Friday, May 13, 2022 at 20.00 WIB due to the instability of the Terra network,” the company announced, quoted on the official Indodax website, Monday (16/5/2022).

The following is an excerpt of the announcement from the Indodax website:

In connection with the termination of trading transactions for LUNA crypto assets on the IDR market on Friday, 13 May 2022 at 20.00 WIB due to the instability of the Terra network, as a preventive measure to protect member assets, INDODAX decided to resume trading LUNA crypto assets on the USDT market.

The move comes at the decision of blockchain validator Terra to continue block production, disable on-chain exchanges, and close the IBC channel.

For INDODAX members who own LUNA crypto assets, please note that:

INDODAX has closed LUNA crypto asset trading activities on the IDR market and will reopen it on the USDT market as of Tuesday, 17 May 2022 at 16.00 WIB.

LUNA crypto asset deposits and withdrawals are now open. Before transferring your LUNA crypto assets, either from or to other exchanges, please ensure that the intended wallet address is correct.

As an investment product that has high fluctuations, INDODAX urges all members to do research first before making transactions in crypto assets.

This official statement will change from time to time according to market developments, changes from the Terra Blockchain validator and Indodax management decisions.

Previously, Indodax had traded Terra LUNA on Friday, May 13, at 20.00 WIB. Now the token has just been removed by Indodax in the aftermath of the price plunge of Terra Luna

“It is with a heavy heart that we announce that Indodax will delist the LUNA market on Friday, May 13, 2022 at 20.00 WIB,” wrote Indodax’s statement, Friday (13/5).

(hns / hns)

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