Futures Bonus Credit Terms and Conditions
- AscendEX futures adopt Multi-Collateral Mechanism. USDTR is discounted when used as collateral with a haircut of 80% applied. For an example of 10 USDTR bonus, only 2 USDT in value (10 USDTR * 20%) can be used as collateral. In this case, users must hold non-USDTR assets greater than USDTR assets in the futures account. USDTR can also be used for trading fees, calculated and deducted daily at 1:00 a.m. UTC. For an example of 10 USDT trading fee, 5 USDTR bonus credit can be used to cover 50% of the trading fee while 5 USDT is credited back to the account.