AscendEX is excited to launch perpetual futures contracts for SHIB-Perp and FTM-Perp on Nov. 18 at 2:00 a.m. UTC, 2021. The SHIB-Perp and FTM-Perp perpetual futures contracts are denominated and settled in USDT with available leverage up to 20x.
AscendEX now accepts SHIB, FTM and OMI as multi-collateral assets for trading perpetual futures contracts. SHIB, FTM and OMI are discounted by 20% in value when they are used as collateral for futures trading. For example, if FTM is priced at 2.4 USDT, and users deposit 10 FTM into their futures accounts, only 19.2 USDT worth of FTM can be used as collateral in the calculation of the initial margin rate and maintenance margin rate.
Users can deposit SHIB, FTM and OMI in their futures accounts 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, AKT, XPRT, PORT and XTZ.
For details please read:
Thank you for the continued support!
The AscendEX Team