AscendEX is excited to launch perpetual futures contracts for PORT-Perp on Oct. 22 at 1:00 a.m. UTC, 2021. The PORT-Perp perpetual futures contracts are denominated and settled in USDT with available leverage of up to 50x.
AscendEX now accepts PORT and staked PORT-S as multi-collateral assets for perpetual futures contracts. PORT is discounted by 20% in its value when it is used as collateral for futures trading. For example, if PORT is priced at 7 USDT, and users deposit 10 PORT into their Futures account, only 56 USDT worth of PORT can be used as collateral in the calculation of the initial margin rate and maintenance margin rate.
Users can deposit PORT in their futures account to be used as collateral when trading all USDT-margined Futures. Other supported assets include USDT, USDC, USDP, BTC, ETH, ADA, ATOM, BCH, BNB, BSV, DOT, EOS, LINK, LTC, MATIC, TRX, UNI, XRP, ALGO, BAND, CSPR, DOGE, EGLD, ETC, FIL, FTT, IOST, KAVA, ONE, SOL, SRM, VET, WOO, XLM, XTZ, AKT and XPRT.
Thank you for the continued support!
The AscendEX Team