AscendEX is excited to launch perpetual futures contracts for CRV, SAND and BAT on Nov. 8, 2:00 AM UTC, 2022. The CRV, SAND, and BAT perpetual futures contracts are denominated and settled in USDT with available leverage up to 5x.
AscendEX now accepts CRV, SAND and BAT as multi-collateral assets for trading perpetual futures contracts. CRV, SAND and BAT are discounted by 20% in value when it is used as collateral for futures trading. For example, if CRV is priced at 0.9 USDT, and users deposit 100 CRV into their Futures accounts, only 72 USDT worth of CRV can be used as collateral in the calculation of the initial margin rate and maintenance margin rate.
Users can deposit CRV, SAND and BAT 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 and FLOW.
Thank you for the continued support!
The AscendEX Team