AscendEX is excited to launch perpetual futures contracts for 1000SHIB and ZEC on November 1, 2 AM UTC, 2022. The 1000SHIB and ZEC perpetual futures contracts are denominated and settled in USDT with available leverage up to 5x.
AscendEX will accept 1000SHIB and ZEC as multi-collateral assets for trading perpetual futures contracts. 1000SHIB and ZEC will be discounted by 20% in value when it is used as collateral for futures trading. For example, if ZEC is priced at 52.37 USDT, and users deposit 100 ZEC into their Futures accounts, only 4189.6 USDT worth of ZEC can be used as collateral in the calculation of the initial margin rate and maintenance margin rate.
Users can deposit 1000SHIB and ZEC 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, APE, AVAX, NEAT, AXS, RVN, REEF, GMT, CHZ, DYDX, FLOW, and APT.
We truly appreciate your continued support.
The AscendEX Team