Cryptocurrency Q&A
Can I sell Luna on Coinbase?
Can I sell Luna on Coinbase?
HanjiArtistryCraftsmanship
Mon Aug 12 2024
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7 answers
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I'm interested in understanding the process of selling Luna tokens on Coinbase. Could you please provide a clear and concise explanation of the steps I need to follow in order to successfully execute this transaction? Additionally, are there any specific requirements or limitations I should be aware of before attempting to sell Luna on Coinbase? I'm looking for a straightforward answer that outlines the entire process from start to finish.
7 answers
SumoStrength
Tue Aug 13 2024
Prior to its collapse, Luna was a highly popular cryptocurrency, known for its association with the Terra blockchain and its algorithmic stablecoin, UST.
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Raffaele
Tue Aug 13 2024
Wrapped LUNA Classic (WLUNA), a digital asset derived from the former Luna cryptocurrency, has faced a significant setback in its trading accessibility.
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IncheonBeautyBloom
Tue Aug 13 2024
However, the rapid depreciation of the Terra ecosystem, particularly UST's decoupling from its pegged value, led to a chain reaction that ultimately resulted in the collapse of Luna and significant investor losses.
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lucas_jackson_pilot
Tue Aug 13 2024
Specifically, Coinbase, one of the largest cryptocurrency exchanges globally, has made the decision to delist WLUNA from its platform.
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AzureWave
Tue Aug 13 2024
Despite the challenges faced by WLUNA, there are still other cryptocurrency exchanges that offer trading services for this asset. BTCC, a reputable UK-based cryptocurrency exchange, is one such platform that provides a comprehensive suite of services, including spot trading, futures trading, and a secure wallet solution for storing digital assets.
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