Binance will delist LUNA/USDT contracts as worth falls beneath 0.005 By Cointelegraph

Main crypto trade Binance introduced it is going to be delisting its (USDT)-margined (LUNA) futures contracts following a greater than 99% drop in worth.

In a Thursday weblog put up, Binance mentioned it will be taking “precautionary measures” round its LUNA/USDT perpetual contracts, meaning to delist the pair if the worth goes beneath 0.005 USDT. The announcement adopted the trade altering the leverage and margin tiers for the LUNA-tied contracts on Wednesday, with the utmost leverage set at eight instances for positions beneath 50,000.