Dear Users,

AscendEX is excited to launch perpetual futures contracts for IDUSDT on March 28, 2:00 AM UTC, 2023. The ID perpetual futures contracts are denominated and settled in USDT with available leverage up to 5x.

AscendEX now accepts ID as multi-collateral assets for trading perpetual futures contracts. ID are discounted by 20% in value when it is used as collateral for futures trading. For example, if ID is priced at 1 USDT, and users deposit 10 ID into their Futures accounts, only 8 USDT worth of ID can be used as collateral in the calculation of the initial margin rate and maintenance margin rate.

Users can deposit ID 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, FLOW and ARB.

For details please read:

Thank you for the continued support!

The AscendEX Team

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