AscendEX is excited to launch perpetual futures contracts for LTC, ATOM, EOS and BSV on Aug 25 at 2:00 a.m. UTC, 2021. The LTC, ATOM, EOS and BSV perpetual futures contracts are denominated and settled in USDT with available leverage of up to 50x.
AscendEX now accepts LTC, ATOM, EOS, and BSV as multi-collateral assets for perpetual futures contracts. LTC, ATOM, EOS, and BSV are discounted by 10% when they are used as collateral for futures trading. For example, if LTC is priced at 200 USDT, and users deposit one LTC into their Futures account, only 180 USDT worth of LTC can be used as collateral in the calculation of the initial margin rate and maintenance margin rate.
Users can deposit LTC, ATOM, EOS, and BSV in their futures account to be used as collateral when trading all USDT-margined Futures, other than USDT, USDC, PAX, BTC, ETH, LINK, BCH, DOT, XRP, BNB, MATIC, TRX, ADA, FIL, FTT, ETC, VET, UNI, DOGE, SOL, and EGLD.
Thank you for the continued support!
The AscendEX Team