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Binance will delist LUNA/USDT contracts as price falls below 0.005 -Breaking


If the price of LUNA/USDT contract falls below 0.005 Binance will remove it from its list

Binance, the major cryptocurrency exchange, announced its intention to delist (USDT)-margined (LUNAAfter a drop of more than 91% in the price, ), futures contracts.

Binance is featured in a blog post on Thursday. 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. Following the announcement by the exchange ChangeOn Wednesday, the leverage and margin tiers of the LUNA tied contracts were determined. Positions below 50,000 have a maximum leverage of eight times.

Price movements in LUNA/USDT Source: TradingView