Binance, a prominent player in the cryptocurrency exchange market, has decided to significantly increase the leverage limit for trading Terra (LUNA), multiplying it by four. This enhancement in trading capacity is aimed at providing more support to the Terra Luna community, especially in the wake of its ongoing bankruptcy issues.
This move by Binance underscores its commitment to backing communities and projects within its trading ecosystem, especially those facing financial distress. By raising the leverage, Binance aims to empower traders involved with Terra, allowing them greater flexibility and potential returns, even during turbulent times.
