Update on 2023-01-08
AscendEX is excited to launch perpetual futures contracts for BONKUSDT on Jan. 8, 2:00 AM UTC, 2023. The BONK perpetual futures contract is denominated and settled in USDT with available leverage up to 5x.
AscendEX now accepts BONK as multi-collateral assets for trading perpetual futures contracts. BONK are discounted by 20% in value when it is used as collateral for futures trading. For example, if BONK is priced at 0.000002233 USDT, and users deposit 1,000,000 BONK into their Futures accounts, only 1.78 USDT worth of BONK can be used as collateral in the calculation of the initial margin rate and maintenance margin rate.
Users can deposit BONK 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 and FLOW.
Thank you for the continued support!
The AscendEX Team
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