Binance Offers Zero-Fee Trading for Luna Classic (LUNC)

09/13/2022By: L, Laura

On Monday, Binance, the largest crypto exchange, announced that it will add Luna Classic (LUNC) and TerraClassicUSD (USTC) to Binance Convert. It now allows users to trade LUNC and USTC against BTC, USDT, BUSD and other tokens through Binance Covert at zero fees.

 

Binance has recently offered zero-fee trading for LUNC and USTC

In an official announcement on September 12, Binance announced further support for Luna Classic (LUNC) and TerraClassicUSD (USTC) as it adds both Terra tokens to Binance Convert.

 

“Visit Binance on the website, click “Trade”, and select “Binance Convert” from the pop-up menu. If you are on mobile, simply open your Binance App, tap “Trade”, and then select “Convert” from the top menu.”

 

Users can now use the Binance Convert service to convert LUNC and USTC to any supported cryptocurrencies such as Bitcoin (BTC), Binance USD (BUSD), Tether (USDT), etc. at zero fees. The crypto exchange believes adding support for Luna Classic in its services will help increase the trading volume on Binance. Also, extends support to the Terra community. Moreover, Binance offers zero-fee trading for Bitcoin (BTC) and Ethereum (ETH).

 

Recently, Binance announces support for the 1.2% tax burn for Luna Classic (LUNC) and TerraClassicUSD (USTC) through the Terra Classic network. However, the exchange will only support tax burn on on-chain activities such as deposits and withdrawals. After the community’s disappointment with the decision, Binance clarified that it may review and discuss off-chain tax burn for Terra Classic.

 

Crypto exchange Binance currently accounts for nearly 35% of Luna Classic supply. The community needs Binance to offer tax burn on spot and margin trading of Luna Classic and USTC.

 

Both LUNA and Luna Classic Soars Over 200%

Terra tokens are witnessing huge trading volume as the community aims to revive the tokens. In fact, Luna Classic (LUNC) and TerraClassicUSD (USTC) made it into CoinMarketCap’s top 100 cryptocurrencies. The LUNC price soared more than 200% in a week to a high of $0.00058.

 

Terra Luna also witnessed a rally of more than 200% in just 2 hours, leading to a price of $7.06. LUNA’s daily trading volume is nearly $6 billion, almost twice the daily volume of LUNC.

 

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