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While many victims are coming out from the collapse of the cryptocurrency ‘Luna’, Korbit, a virtual asset exchange, uses a portion of its fees to protect investors.
Korbit announced on the 25th that it has decided to end the transaction support for the virtual asset Luna. In particular, Korbit plans to use all of the commission revenue generated following Luna’s designation as a significant stock to protect investors.
Korbit will end support for Luna trading at 2 PM on the 3rd of next month. Accordingly, Luna deposits are only possible until 2pm on the 31st of this month, and withdrawals are possible until 2pm on August 31st following the transaction support ends.
In addition, Korbit decided to use all of the transaction fee revenue generated during the Lunar crisis to protect investors in virtual assets. From noon on the 10th, when Korbit designated Luna as a stock to be traded, to the present (as of 6 pm on May 24), the Luna trading volume was regarding 14.8 billion won and the commission income was regarding 10 million won.
Oh Se-jin, CEO of Corbit, said, “As investors’ anxiety is increasing due to the Lunar price drop, this decision was made to solve the cause of the anxiety as soon as possible and fulfill its social responsibility. I will help make it happen.”
