Dear Users,

AscendEX is excited to launch perpetual futures contracts for ZIL-Perp and APE-Perp on Apr. 12, 2 AM UTC, 2022. The ZIL-Perp and APE-Perp perpetual futures contracts are denominated and settled in USDT with available leverage up to 5x.

AscendEX now accepts ZIL and APE as multi-collateral assets for trading perpetual futures contracts. ZIL and APE are discounted by 20% in value when it is used as collateral for futures trading. For example, if APE is priced at 12 USDT, and users deposit 10 APE into their Futures accounts, only 96 USDT worth of APE can be used as collateral in the calculation of the initial margin rate and maintenance margin rate. 

Users can deposit ZIL and APE 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, PORT, SHIB, FTM, OMI, and FIDA. 

For details please read:

1. AscendEX Perpetual Futures Contract Info
2. Transaction Fee for Perpetual Futures Contract

Thank you for the continued support!

The AscendEX Team

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