Korean crypto exchanges issue warnings about trading Luna

Quick Take

  • Major Korean exchange Coinone has suspended trading of Luna.
  • Korbit and Bithumb have also issued investment warnings.

South Korea’s major exchanges have issued warnings about trading of Luna (LUNA) following the crypto’s current price downturn.

The price of Luna is down 87% in the last 24-trading period and has fallen 96% from its all-time high of $119 in April.

Coinone, one of the “big four” crypto exchanges in South Korea, has suspended trading of Luna, citing its abrupt price slump. Korbit and Bithumb have issued “designated investment warnings” on the coin citing similar concerns as well.

For Bithumb and Korbit, these warnings do not necessarily mean that Luna will be suspended. These designated investment warnings usually last for 72 hours after which the exchanges will decide whether to halt or continue trading.

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