Binance will delist LUNA/USDT contracts as price falls below 0.005
Cointelegraph
Published May 12, 2022 12:20PM ET
Updated May 13, 2022 08:20AM ET
Major crypto exchange Binance announced it will be delisting its Tether (USDT)-margined Terra (LUNA) futures contracts following a more than 99% drop in price.
In a Thursday blog post, Binance said it would be taking “precautionary measures” around its LUNA/USDT perpetual contracts, intending to delist the pair if the price goes under 0.005 USDT. The announcement followed the exchange changing the leverage and margin tiers for the LUNA-tied contracts on Wednesday, with the maximum leverage set at eight times for positions under 50,000.
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Written By: Cointelegraph
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