Binance will delist LUNA/USDT contracts as price falls below 0.005
– Binance will be delisting its Tether (USDT)-margined Terra (LUNA) futures contracts following a more than 99% drop in price.
– The exchange is taking precautionary measures around its LUNA/USDT perpetual contracts, intending to delist the pair if the price goes under 0.005 USDT.
– Binance said it would be launching Binance USD (BUSD)-margined LUNA futures contracts on Thursday, seemingly as an alternative investment vehicle should it delist LUNA/USDT.
– The LUNA price has fallen more than 99% in the last 24 hours, reaching $0.004 at the time of publication following a mass sell-off.
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