Update on 2024-03-06
Dear users,
To further protect users from potential market risk and enhance the trading experience, AscendEX will adjust risk limits for perpetual futures contracts of LINKUSDT, DOTUSDT, BCHUSDT, XRPUSDT, BNBUSDT, SOLUSDT, MATICUSDT, TRXUSDT, ADAUSDT, UNIUSDT, DOGEUSDT, SRMUSDT, FTTUSDT, FILUSDT, ETCUSDT, VETUSDT, ONEUSDT, EGLDUSDT, LTCUSDT, ATOMUSDT, EOSUSDT, BSVUSDT, XTZUSDT, ALGOUSDT and XLMUSDT. The maximum leverage of those future contracts will be reduced to 20X from July 28, 2:00 p.m. UTC. Please see below for details.
Position Lower Bound | Position Upper Bound | Initial Margin Rate | Maintenance Margin Rate | Max Leverage |
0 | 20,000 | 5% | 3.00% | 20 |
20,000 | 100,000 | 10% | 6.00% | 10 |
100,000 | 500,000 | 20% | 12.00% | 5 |
500,000 | 2,000,000 | 33% | 20.00% | 3 |
2,000,000 | - | 100% | 60.00% | 1 |
Please note: After the adjustment, the maintenance margin rate for user’s positions will be slightly increased. To avoid the unintended forced liquidation of the positions due to the adjustment as well as the market fluctuation, please timely adjust your leverage and manage all your positions accordingly.
Please read HERE for more information about AscendEX perpetual futures contracts.
Thank you for your continued support!
The AscendEX Team
Website: https://ascendex.com/
Twitter: https://twitter.com/AscendEX_Global
Telegram Group: https://t.me/AscendEXEnglish
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