Claim BonusBreaking: Binance Announces LUNC, USTC Deposit And Withdrawal Changes
The world’s largest crypto exchange Binance on Friday said the deposits and withdrawals of Terra Classic (LUNC) and TerraClassicUSD (USTC) will be suspended from September 7 at 00.00 UTC due to the closure of the Shuttle Bridge. However, users can continue to deposit and withdraw LUNC and USTC tokens through the Terra Classic network.
LUNC and USTC Deposits and Withdrawal Suspended
Binance, in an official announcement, on September 2 revealed the deposits and withdrawals of Terra Classic (LUNC) via the Ethereum network and TerraClassicUSD (USTC) via BNB Smart Chain (BEP20), Ethereum network (ERC20), and Polygon network will be available until September 7.
Binance supported LUNC deposits and withdrawals through the Ethereum network (ERC20) and Terra Classic network. Also, supported USTC deposits and withdrawals through BNB Smart Chain (BEP20), Ethereum network (ERC20), Polygon network, and Terra Classic network.
However, the Shuttle Bridge closure will impact deposits and withdrawals through other networks. But, users can still deposit and withdraw their LUNC and USTC tokens through the Terra Classic network.
Binance recommends avoiding Terra Classic and USTC deposits and withdrawals near the deadline. Deposits and withdrawals made after the deadline will not credit to respective accounts.
Moreover, Spot and Margin trading for LUNC and USTC, including Binance Earn services will continue to run smoothly. Binance will handle all technical requirements for users facing problems related to token transfers through the Shuttle Bridge during the period.
“Please note that withdrawals may take longer than usual to process when there is a large number of pending transactions.”
Terra Tokens Witnessing Record Daily Volumes
Terra tokens LUNA, LUNC, and USTC witnessing a massive rise in daily trading volume. Interestingly, Terra Classic (LUNC) records a daily transaction volume of over 1.4 billion, with the price rising over 100% due to staking, continuous burning, and the 1.2% burn tax proposal. The community wants Binance to announce their support for LUNC burning.
Currently, the Terra Classic price is trading at $0.000246, down nearly 3% in the last 24 hours. Moreover, the LUNA and USTC prices have also plummeted after the profit booking.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Breaking: CME Group To Launch 24/7 BTC, ETH, XRP, SOL Futures Trading On May 29
- White House to Hold CLARITY Act Meeting With Ripple, Coinbase, Banks Today
- Senator Warren Warns Fed Against Bitcoin Crash Rescue Amid Liquidity Pump Claims
- Top 5 Reasons Ethereum Price Is Down Today
- Crypto Market Slides as Hawkish FOMC Minutes Trigger BTC, ETH, XRP Sell-Off
- Cardano Price Prediction Feb 2026 as Coinbase Accepts ADA as Loan Collateral
- Ripple Prediction: Will Arizona XRP Reserve Boost Price?
- Dogecoin Price Eyes Recovery Above $0.15 as Coinbase Expands Crypto-Backed Loans
- BMNR Stock Outlook: BitMine Price Eyes Rebound Amid ARK Invest, BlackRock, Morgan Stanley Buying
- Why Shiba Inu Price Is Not Rising?
- How XRP Price Will React as Franklin Templeton’s XRPZ ETF Gains Momentum
