The largest exchanges of the crypto ecosystem, Binance, Bitfinex, ByBit, Crypto.com, FTX, Gate.io, Huobi and Kucoin have already announced that they will support Terra 2.0. These include crypto exchanges that have decided to support the new LUNA despite removing the altcoin from their platforms after LUNA's collapse.

Among these exchanges, the support of Binance, the world's largest exchange in terms of transaction volume, was extremely important. Because Binance is the cryptocurrency exchange with the highest LUNA trading volume.

After the launch of the new Terra Blockchain, new LUNA tokens will be distributed via airdrop to customers holding LUNA and UST on exchanges that will support the network, and those holding these crypto assets in their external wallets. While 30 percent of the progress payment amounts are planned to be sent in advance, the remaining part will be sent within a 2-year period in 6-month payment periods. The Terra team had previously reported that there will be a 20-day lock-in period after its release to prevent volatility.

Stock Exchange

Other cryptocurrency exchanges that support Terra 2.0 are Bitrue, Kraken, OKX, Bitget, Lbank, HitBTC, BitMart, WhiteBIT, BKEX and MEXC Global.

Unlike many crypto exchanges, there are also platforms that will not support LUNA.

Besides, South Korean exchange Korbit refused to support the new LUNA. Also, the largest US-based crypto exchange, Coinbase, stands as the largest exchange that will not list the new LUNA after delisting LUNA. The current LUNA token, which will be updated to LUNA Classic (LUNC), will also continue to be traded on most exchanges that currently list it.

After the announcement of Terra 2.0, the trading volumes of LUNA and UST started to rise

Following the news that Terra 2.0 will be launched as a new Blockchain, TerraUSD (UST) has seen a huge increase in trading volume in the last 24 hours.

UST, after rising up to 43 percent in the last 24 hours in parallel with the increase in volume, took its daily increase to 16 percent. UST's trading volume, on the other hand, increased by a significant 327 percent.

Luna's trading volume, on the other hand, has increased by 60% in the last 24 hours, reaching up to 900 million dollars. However, the increase in transaction volume was not reflected in the price. The LUNA market cap remains at over $1 billion, while its price is in the $0.00015 band.