Binance Futures to Delist Coin-Margined LUNA Perpetual Contracts and Update the Leverage & Margin Tiers for USDT-Margined LUNA Perpetual Contracts

2022-05-12 04:50

Fellow Binancians,

Binance Futures will conduct automatic settlements on the Coin-Margined LUNA Perpetual Contracts and delist the contracts on 2022-05-12 at 08:00 (UTC).

Please note: Users are advised to close any open positions prior to the delisting time to avoid automatic settlement.

Binance Futures will update the leverage and margin tiers of the USDT-Margined LUNA Perpetual Contracts on 2022-05-12, with the new leverage and margin tiers reflected in the table below. The change will take effect at 08:00 AM (UTC) at the earliest and no later than 08:30 AM (UTC). The max leverage and initial margin rate has been adjusted in each tier. Existing positions opened before the update will not be affected.

The max leverage of USDT-Margined LUNA Perpetual Contracts has been reduced to 8x.

Earlier Leverage	New Leverage	Position	Initial Margin Rate
21-25x	8x	0 < Position ≤ 50,000	12.50%
11-20x	7x	50,000 < Position ≤ 250,000	14.29%
6-10x	6x	250,000 < Position ≤ 1,000,000	16.67%
5x	5x	1,000,000 < Position ≤ 2,000,000	20.00%
4x	4x	2,000,000 < Position ≤ 5,000,000	25.00%
3x	3x	5,000,000 < Position ≤ 10,000,000	33.33%
2x	2x	10,000,000 < Position ≤ 15,000,000	50.00%
1x	1x	15,000,000 < Position ≤ 50,000,000	100.00%

Binance reserves the right to further change the max leverage and margin tiers for USDT-Margined LUNA Perpetual Contracts without further notice. Please check out here for the latest leverage and margin tiers.

Further information

Risk Warning: Futures trading carries substantial risk and the possibility of both significant profits and losses. Past gains are not indicative of future returns. All of your margin balance may be liquidated in the event of extreme price movements. The information here should not be regarded as financial or investment advice from Binance. All trading strategies are used at your discretion and your own risk. Binance will not be liable to you for any loss that might arise from your use of Futures. To learn more about how to protect yourself, visit our Responsible Trading resource page.

Thanks for your support!

Binance Team

2022-05-12

Trade on-the-go with Binance’s crypto trading app (iOS/Android)

Find us on

Telegram: https://t.me/binanceexchange

Twitter: https://twitter.com/binance

Facebook: https://www.facebook.com/binance

Instagram: https://www.instagram.com/binance

Binance reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.