Three trading pairs, LUNA/INR, LUNA/WRX, and LUNA/USDT, are the three trading pairings that have been removed from the WazirX platform. Based on a recent examination of certain trading pairs, the delisting was carried out. Users will be able to withdraw their LUNA money via Binance’s free transfer service. The three trading pairs were delisted and stopped trading on May 13, 2022, at 9:30 a.m. IST.
WazirX isn’t the first company to examine trade pairings. The crypto exchange platform is continually auditing itself to guarantee that its consumers are safe. The goal is to determine if a token fits industry standards or what changes have occurred over time in the industry.
When a discrepancy is discovered, WazirX performs a thorough investigation to determine whether the token should be delisted.
WazirX analyses the following factors while doing an in-depth review:
- Quality and scope of development work.
- The level of devotion shown by the project team.
- Network security and stability in the event of a cyber assault.
- Volatility of trade and liquidity.
- The network’s and/or smart contract’s stability.
- Public communication was kept at a reasonable level.
- Fraudulent behaviour backed up by proof.
- Response time to WazirX’s quarterly due diligence reports.
- Contribution to a better and more sustainable cryptocurrency ecosystem.
WazirX was launched in 2018 and its headquarter is in India. WazirX’s economy is powered by WRX, the native token. In addition, the crypto exchange platform covers over 250 trade pairings and at least 120 cryptocurrencies.
