AscendEX is excited to launch perpetual futures contracts for AVAX, NEAR and AXS on Sept. 23, 2 PM UTC, 2022. The AVAX, NEAR and AXS perpetual futures contracts are denominated and settled in USDT with available leverage up to 5x.
AscendEX now accepts AVAX, NEAR and AXS as multi-collateral assets for trading perpetual futures contracts. AVAX, NEAR and AXS are discounted by 20% in value when it is used as collateral for futures trading. For example, if AVAX is priced at 18 USDT, and users deposit 1 AVAX into their Futures accounts, only 14.4 USDT worth of AVAX can be used as collateral in the calculation of the initial margin rate and maintenance margin rate.
Users can deposit AVAX, NEAT and AXS in their futures account to be used as collateral when trading all USDT-margined Futures, other than 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, XPRT, SHIB, FTM, OMI, FIDA, ZIL and APE.
For details please read:
Thank you for the continued support!
The AscendEX Team