AscendEX will launch new perpetual futures contracts for MATICUSDT, TRXUSDT and ADAUSDT with up to 100x leverage at May 20, 1:30 p.m. UTC on Web, App and API. MATICUSDT, TRXUSDT and ADAUSDT perpetual futures contracts will be denominated and settled in USDT with up to 100x leverage.
AscendEX accepts MATIC, TRX and ADA as the multi-collateral assets for perpetual futures contracts. You can deposit MATIC, TRX and ADA in your futures account to be used as collateral when trading USDT-margined Futures, besides USDT, USDC, PAX, BTC, ETH, LINK, BCH, DOT, XRP and BNB.
MATIC, TRX and ADA are discounted when used as collateral with the discount factor of 0.9, in other words, a haircut of 10% will be applied. For example, if MATIC prices at 3 USDT, a user deposits 1 MATIC in his/her Futures account and only 2.7 USDT worth of MATIC will be used as collateral for calculation of initial margin rate and maintenance margin rate.
For details please view:
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May 19, 2021
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