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Spotlight

Binance To Delist Luna/USDT Futures Contract After 99% Crash In Its Price

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Spotlight

Crypto markets are wreaking havoc right, left, and center! Investors are in a state of panic.

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The stablecoin UST was depegged from the $1 level and fell over 50% in an incident like never before.

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The Terra LUNA cryptocurrency crashed by 99.99% in price in a move that sent shockwaves across the crypto markets.

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LUNA investors have lost every penny and there seems to be no chance of recovery.

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Crypto exchange Binance has now announced that it will delist the LUNA/USDT futures contract today! No more trading shall take place in LUNA futures.

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All open positions of investors shall be automatically closed and settled by Binance.

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This is a historic moment in the world of cryptocurrencies as investors lose their livelihood, money, and sanity!

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On top of this, Binance said it would be launching Binance USD (BUSD)-margined LUNA futures contracts on Thursday

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