AscendEX will launch perpetual futures contracts for BNBUSDT, SOLUSDT and SRMUSDT at May 10, 1:30 p.m. UTC on Web, App and API. These three perpetual futures contracts will be denominated and settled in USDT with up to 100x, 100x and 50x leverage, respectively.
AscendEX accepts BNB as one of multi-collateral assets for Perpetual Futures Contract. You can deposit BNB in your futures account to be used as collateral when trading USDT-margined Futures, besides USDT, USDC, PAX, BTC, ETH, LINK, BCH, DOT and XRP.
BNB will be discounted when used as collateral with the discount factor of 0.9, in other words, a haircut of 10% will be applied. For example, if BNB prices at 600 USDT, a user deposits 1 BNB in his/her Futures account and only 540 USDT worth of BNB (600 USDT * 0.9) will be used as collateral for calculation of initial margin rate and maintenance margin rate.
For details please view:
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May 9, 2021
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