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.