AscendEX is excited to launch perpetual futures contracts for XTZ-Perp, ALGO-Perp, XLM-Perp, and IOST-Perp on Sept 24 at 1:00 a.m. UTC, 2021. The XTZ-Perp, ALGO-Perp, XLM-Perp, and IOST-Perp perpetual futures contracts are denominated and settled in USDT with available leverage of up to 50x.
AscendEX now accepts XTZ as multi-collateral assets for perpetual futures contracts. XTZ is discounted by 20% when it is used as collateral for futures trading. For example, if XTZ is priced at 5 USDT, and users deposit 10 XTZ into their Futures account, only 40 USDT worth of XTZ can be used as collateral in the calculation of the initial margin rate and maintenance margin rate.
Users can deposit XTZ in their futures account to be used as collateral when trading all USDT-margined Futures, other than USDT, USDC, PAX, BTC, ETH, LINK, BCH, DOT, XRP, BNB, MATIC, TRX, ADA, FIL, FTT, ETC, VET, UNI, LTC, ATOM, EOS, BSV, DOGE, SOL, and EGLD.
Thank you for the continued support!
The AscendEX Team