An online brokerage has recently communicated important information regarding LUNC asset support. In August, it was stated that LUNC would be available only for closing positions, and the latest announcement confirms that this support will officially end on November 4, 2025.
According to the latest update that was shared with clients, LUNC holders are notified that the planned closure has been moved from an initially proposed date. The announcement emphasizes the following points:
1. Until the closure date, LUNC will strictly be a close-only asset, allowing users to manage or liquidate their holdings but prohibiting any new trades in LUNC.
2. On November 4, all outstanding positions in LUNC will be automatically closed at the market price. The equivalent value in USD will then be credited to the account balance of affected users.
3. Affected users have been notified via email regarding these changes and are encouraged to check their inbox for the specific details of how it impacts them.
4. The brokerage expresses gratitude towards users for their understanding as it continues to assess and modify the assets available on the platform.
Additionally, a Customer Service team is available to assist users with any questions or concerns they may have regarding the end of LUNC support or any other issues.
The communication underscores the commitment to transparency while reminding clients to manage their holdings proactively ahead of the closure date. This move is part of a broader strategy to refine and update the asset offerings to align with market demands and internal evaluations of asset viability.