Binance Expands Leverage for Perpetual Trading on Terra Luna

Binance Introduces 4x Leverage on Terra Luna Trading

In an official announcement from Binance, the cryptocurrency exchange has revealed updated leverage and margin levels for LUNA2USDT. The trading platform has increased leverage and reduced the maintenance margin rate. This comes as major news to the broader LUNC community.

The changes have been made exclusively for traders looking to take positions from 0 to 5,000, 5,000 to 25,000, and 25,000 to 100,000. The trading platform has increased leverage from 11-20 to 51-75 for a position from 0 to 5,000. This indicates support for the Terra Luna price rally.

Binance also announced changes to perpetual contracts LOOMUSDT ORBSUSDT XEMUSDT JOEUSDT CHRUSDT QNTUSDT LUNA2USDT and .USD-M

LUNC News: Signs of Massive Bullish Momentum

Terra (LUNA), LUN, and USTC have shown massive bullish momentum

with prices moving above support levels. The community is also looking to burn another major token from wallets related to the beleaguered Luna Foundation Guard (LFG) and Terraform Labs.

Terra LUNA is trading at $0.502, up 5% in the last 24 hours and 45 in a month. The 24-hour low and high are $0.4746 and $0.5036, respectively. Derivatives trading activity has surged amid Binance’s leverage changes, according to Coinglass data