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 Futures announcement:

🔸Delisting of Coin-Margined $LUNA Perpetual Contracts.
🔸Updates on the Leverage & Margin Tiers for USDT-Margined $LUNA Perpetual Contracts. ⤵️https://t.co/DHB0GLHLzm
— Binance (@binance) May 12, 2022

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.

Artem Ustinov
Crypto Journalist

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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Binance delists LUNA perpetual contracts

Binance delists LUNA perpetual contracts

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