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DOMAINS TOKEN-G

Ronald Maguire

13 May 2022 229 Read Crypto , Altcoins

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Binance Futures Delisted LUNA

In response to Terra (LUNA) losing more than 99.9% in value over the past few days, Binance has stopped trading futures for this coin. An announcement made today by the Binance derivatives trading department has requested that all traders currently holding open positions close their positions. All USDT-Margined LUNA perpetual contracts will be closed automatically after the delist transaction takes place.

Leverage Maximum Updated

Binance has reduced the leverage maximum for its LUNA perpetual contracts from 21-25x to 8x. The initial margin ratio was also updated to 18.50%. Updated tiers did not affect open positions.

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