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      LUNA:USD, LUNA:USDt and LUNA:BTC margin pairs to enter reduce only mode

      Due to current market volatility and recent events affecting the Terra Protocol and Terra (LUNA), our LUNA margin pairs will enter reduce only mode. 

      From 17/05/2022 at 10:30 AM UTC, users will not be able to increase or create new positions on the following trading pairs, LUNA:USD, LUNA:USDt and LUNA:BTC margin pairs.

      LUNA tokens will also be removed from margin wallet balance calculations and Bitfinex will force settle all margin positions that remain open on 20/05/22 at 1:00 PM UTC.

      We will keep our community updated on further developments.

      Read the original article at bitfinex

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