Cryptocurrency exchange CEX.IO has announced that it has listed LUNA, the native token of Terra’s blockchain.
A few days ago, one of the oldest crypto exchanges, CEX.IO, announced that it has listed LUNA. It is one of the hottest cryptocurrencies at the moment.
CEX·IO has just listed $LUNA — the super-hot cryptocurrency of the Terra blockchain! 🔥
You can now deposit, withdraw, and trade LUNA/USD pair via the CEX·IO mobile app and website — https://t.co/AXgkeDCczv@TerraLUNADaily @terra_money
— CEX.IO (@cex_io) March 21, 2022
The Terra blockchain was founded by Do Kwon and Daniel Shin about four years ago. It is a blockchain protocol that powers price-stable global payment networks with fiat-pegged stablecoins. Furthermore, it combines the price stability and use of fiat currencies with the censorship resistance of Bitcoin (BTC) to provide fast and cost-effective transactions.
Terra’s ecosystem has also produced a number of decentralized applications in areas such as:
- real estate
- betting
- e-commerce
- insurance
Remember we listed $LUNA on CEX·IO?
Let's take a closer look at the project.
Here are some facts that every trader should know 🧠#LUNA #TerraLuna @terra_money @TerraLUNADaily pic.twitter.com/Mi5O5aDGpR— CEX.IO (@cex_io) March 23, 2022
Terra’s native currency is Luna. It is, therefore, a network token with a wide range of uses that are essential to the Terra platform’s success. It was created for governance and mining. Also, it may be used to:
- create stablecoins
- pay network fees
- vote in governance polls
About CEX.IO
CEX.IO was one of the first cryptocurrency exchanges to accept credit card and bank transfer payments. Although it began in the United Kingdom, it is now licensed and regulated in the United States. In addition, this exchange also includes various useful features, such as a cryptocurrency staking program.
These are the best features of CEX.IO:
- Staking
The Earn program allows you to earn incentives on your crypto holdings. Moreover, it is one of CEX.IO’s greatest features. Customers in the United States can stake Cardano (ADA), Solana (SOL), Polkadot (DOT), Polygon (MATIC), and Tezos (XTZ), among other cryptocurrencies.
Get rewarded for simply holding coins and tokens in your account!
🪙 When you stake $MATIC coins at CEX·IO, you earn a 10% annual yield out of your MATIC investment without doing any additional work!
Learn more about staking opportunities 👉 https://t.co/vMs76Yb4BM
— CEX.IO (@cex_io) March 23, 2022
- Multiple trading options
Charts and a number of order types are available on the default spot trading interface. CEX.IO also has an easy-to-use Instant Buy option. Simply enter the type of cryptocurrency you want to buy and the amount you want to invest. Margin trading is also possible. However, it is not available in the United States. Furthermore, there is CEX.IO Prime, the exchange’s trading platform for enterprises.
More Details
It is important to note that CEX.IO is a very safe cryptocurrency exchange. Since its inception in 2013, this exchange has never lost any of its customers’ cryptocurrency funds.
Here are some of the security features that CEX.IO has:
- All withdrawals on CEX.IO must be confirmed by email.
- CEX.IO holds a significant portion of all crypto balances in “cold storage,” so it is not connected to the internet.
- Two-factor authentication (2FA) is available on CEX.IO using Google Authenticator or SMS.
To summarize, you need to consider CEX.IO exchange if:
- You’re searching for a cryptocurrency exchange where you may stake your coins and earn rewards.
- You’d like to be able to buy and sell cryptocurrencies with different payment options.
- You’ve traded cryptocurrency before and don’t want to use a platform for beginners.
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