Binance, the world's largest crypto exchange, has announced plans to delist the USDⓈ-M 1000LUNCBUSD Perpetual Contract and update leverage and margins. The move may reduce the overall trading volume of Terra Classic (LUNC) on the exchange. Users are advised to close any open positions before the delisting time to avoid automatic settlement. Binance has also revised leverages and margins for the contract and significantly reduced leverage for positions with a notional value of 0 to 100,000 BUSD to protect users and prevent potential risks amid volatile market conditions.
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