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LUNA/UST listed on Binance and recent events

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Cryptocoins Exchanges / Binance 175 Views

Now, I'll keep it short. I'm sure you all know what's happening with UST, currently it bottomed out at around 40c. I'm not here to discuss the how and why.

Does Binance offer any kind of protection on the stablecoins it lists? I understand LUNA being a coin just like every other on the platform, so the losses there are the investor's responsibility.
But since UST is a stablecoin and Binance listed it, would they reimburse people if it went to 0 or something happened to totally wipe it out? When you put your money into a stablecoin you reasonably expect it to be stable or in the worst case slightly depeg, not go down over 50%.
I'm not talking about goodwill, just purely related to its terms of service/EU law regarding these. I know there's some limited protections but I'm not sure if anyone could give me confirmation.

submitted by /u/HeavySpaceTank
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