Binance delists LUNA perpetual contracts

12.05.2022 09:21
by Artem Ustinov
1 min read

Binance delists LUNA perpetual contracts

Cryptocurrency derivatives platform Binance Futures has delisted the underlying asset-settled perpetual contracts on LUNA. For similar instruments denominated in USDT, the leverage was reduced from 21-25x to 8x.

Binance has automatically closed positions on Coin-Margined LUNA of users who did not have time to do it themselves. The changes took effect on May 12 at 8:00 UTC.

Author

  • Crypto analyst and practitioner trader with the law and managerial education. Active investor and crypto enthusiast. Worked as an analyst and copywriter in a brokerage company. Accompanied by DAO and NFT projects of different levels of complexity.

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