AscendEX is excited to launch perpetual futures contracts for ARBUSDT on March 23, 5:30 PM UTC, 2023. The ARB perpetual futures contracts are denominated and settled in USDT with available leverage up to 5x.
AscendEX now accepts ARB as multi-collateral assets for trading perpetual futures contracts. ARB are discounted by 20% in value when it is used as collateral for futures trading. For example, if ARB is priced at 2 USDT, and users deposit 10 ARB into their Futures accounts, only 16 USDT worth of ARB can be used as collateral in the calculation of the initial margin rate and maintenance margin rate.
Users can deposit ARB 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, NEAR, AXS, RVN, REEF, GMT, CHZ, DYDX, BONK and FLOW.
Thank you for the continued support!
The AscendEX Team