AscendEX is excited to launch perpetual futures contracts for LTC-Perp, ATOM-Perp, EOS-Perp, and BSV-Perp on Aug 25 at 2:00 a.m. UTC, 2021. The LTC-Perp, ATOM-Perp, EOS-Perp, and BSV-Perp perpetual futures contracts are denominated and settled in USDT with available leverage of up to 50x.
AscendEX now accepts VET, ATOM, EOS, and BSV as multi-collateral assets for perpetual futures contracts. Users can deposit VET, 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, LTC, ATOM, EOS, BSV, DOGE, SOL, and EGLD.
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.
Thank you for the continued support!
The AscendEX Team