Binance will delist LUNA/USDT contracts as price falls below 0.005 By Cointelegraph

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

Major crypto exchange Binance announced it will be delisting its (USDT)-margined (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.

LUNA/USDT price movement. Source: TradingView