Bitcoin exchanges supported the "revival" of Terra

Several cryptocurrency exchanges have signaled support for Terra 2.0 and the "reborn from the ashes" LUNA token.

The validators gave 65.5% of the votes for the plan proposed by Terraform Labs co-founder and CEO Do Kwon.

Data: Terra Station.
Huobi, Bitfinex, Bitrue platforms announced their readiness to list the new LUNA token, Gate.io and the Hex Trust DeFi protocol.

Update: Terra 2.0 support was announced by Bybit.

Kwon also retweeted the FTX exchange's message, which the site's team subsequently deleted.

Data: Twitter.
At the same time, he denied the message about contacts with South Korean crypto platforms regarding the support of the new token.

However, industry journalist Colin Wu reported that Upbit will support the LUNA2 airdrop.

Against the background of the news, the quotes of the algorithmic stablecoin TerraUSD (UST) increased by more than 40% over the day. The price of the "stable coin" approached $0.1.

Data: CoinGecko.
Binance said it is "working closely" with the Terra team to provide affected users with the "best approach to recover losses."

May 26, 2022 | 16:39
Update:
Representatives of the exchange previously proposed to take into account, first of all, the interests of small investors affected by the collapse of the algorithmic UST stablecoin and the associated LUNA token.

Recall that Ethereum co-founder Vitalik Buterin also called first of all to give priority to owners of small amounts in Terra assets when compensating for losses.