Binance, the world’s largest cryptocurrency exchange by trading volume, shared its new announcements for various altcoins. One of his announcements also includes Terra (LUNA), the most declining altcoin of recent times. Here are the details…
Exchange removes perpetual LUNA contracts
Binance’s Futures platform for futures will make automatic payments on perpetual LUNA contracts and the contracts will be terminated May 12, 2022, Turkey time He announced that he would delist at 11. “Please note: Users are advised to close open positions before delisting time to avoid automatic debit,” the exchange said in its statement. Binance Futures announced that they will update the leverage and margin tiers of their LUNA perpetual contracts with the new leverage and margin tiers in the chart below.
Stating that this change will be effective around 11 pm, the stock market announced that the maximum leverage and first margin ratio has been adjusted at each level, and the existing positions opened before the update will not be affected by this. It is also stated that the maximum leverage of USDT-Margined LUNA perpetual contracts has been reduced to 8x. As Kriptokoin.com , the UST stablecoin in the Terra ecosystem detached from the dollar balance and suffered a decline, causing LUNA to depreciate by more than 90 percent.
The stock market delists three trading pairs
On the other hand, Binance has announced that it will remove and stop the trading of various trading pairs as of May 18, 6 CEST. The margin pair to be removed will be DFI.money (YFII) / Binance USD (BUSD). On the other hand, looking at the spot trading pairs to be removed, the pairs to be delisted look like this:
- BNB (BNB) / Rupiah Token (IDRT)
- FIO Protocol (FIO) / BNB (BNB) )
- DFI.money (YFII) / BNB (BNB)
These altcoins are again traded with other trading pairs available on Binance can be done. As of 6 May 2022, Binance will suspend borrowing on the YFII / BUSD isolated margin pair. On May 18, 2022, at 6 CEST, Binance will close users’ positions, make an automatic payment and cancel all pending orders on the YFII/BUSD isolated margin pair, and then remove the YFII/BUSD isolated margin pair from the list.
