AscendEX Launches Perpetual Futures Contracts
AscendEX has rolled out a new set of perpetual futures contracts for four assets: SEI, A, USUAL, and THE. Trading officially begins on July 22, 2025, and this expansion is designed to offer traders more flexibility and leverage. The platform is positioning this launch as part of its broader effort to build a deeper and more responsive derivatives market, especially for mid-cap and emerging digital assets.
Here’s the breakdown.
The new contracts—SEIUSDT, AUSDT, USUALUSDT, and THEUSDT—will all support USDT-based settlement and allow up to 20x leverage. That means traders can amplify their positions significantly, but it also introduces considerable risk. Each contract has specific trading parameters to reflect the liquidity and volatility profiles of the underlying assets.
SEIUSDT: Tick size 0.0001 USDT, lot size 1 SEI
AUSDT: Tick size 0.00001 USDT, lot size 1 A
USUALUSDT: Tick size 0.0001 USDT, lot size 1 USUAL
THEUSDT: Tick size 0.0001 USDT, lot size 0.1 THE
These sizes reflect the relative token values and aim to balance order book depth with user flexibility.
To ensure stability at launch, AscendEX will implement a two-hour “Post-only” period just before trading goes live. From 12:00 PM to 2:00 PM UTC on July 22, only maker orders will be accepted. Taker orders will be rejected automatically. This mechanism is common in futures launches—it builds the order book, reduces early volatility, and prevents sudden price spikes from immediate market orders.
Trading will fully open at 2:00 PM UTC, when all order types will be enabled.
AscendEX is also extending its multi-asset collateral mechanism to these new contracts. This allows traders to post collateral using supported crypto assets beyond USDT. However, a discount factor of 80% will be applied to the value of any non-USDT collateral. In plain terms, if you post $100 worth of a supported altcoin, the system will only count $80 of it as margin.
Why does that matter? It gives flexibility to experienced traders who want to put idle assets to use—but it also introduces margin call risk if those assets suddenly lose value. So while it’s convenient, it’s not for casual users or beginners.
The ability to trade with up to 20x leverage means small price movements can result in significant profit—or loss. Traders need to be fully aware of the risks before engaging. Perpetual contracts, unlike standard futures, don’t have expiration dates. That means positions can be held indefinitely, but funding rates apply based on market dynamics between long and short positions.
Additionally, each of these new contracts provides exposure to trending or growing assets. SEI and USUAL, in particular, have seen increased attention in DeFi circles. THE and A are newer entrants but have shown enough traction to warrant futures listings.
By listing these contracts, AscendEX is making a bet that there’s real user demand for diversified leverage options across more than just BTC and ETH pairs. That’s a trend we’re seeing across all major exchanges: expansion into mid-cap assets that are gaining community traction.
Initial Liquidity: In the first few hours, spreads may be wider. Keep an eye on order book depth before placing large positions.
Volatility: New listings often attract speculative traders. Use limit orders and stop-losses.
Collateral Impact: Be very clear about what collateral you’re using. Non-USDT margin means higher liquidation risk.
Fees: AscendEX uses a tiered fee model. Your volume and VIP level may reduce costs, but always check the exact taker/maker rates before opening positions.
For those unfamiliar with perpetual contracts or AscendEX’s margin engine, it’s a good idea to review their documentation on funding rates, liquidation engines, and how the discount factor applies in real-time. These mechanics can significantly affect your PnL (profit and loss) if you’re not careful.
This update marks a strategic move by AscendEX to compete in a maturing derivatives market. With the introduction of these new contracts, they’re giving traders more tools—but also asking for more responsibility. If you understand the mechanics and manage your risk, these contracts offer interesting opportunities.
But if you’re chasing quick wins without a solid plan, 20x leverage will burn you. Be smart, use protection orders, and size your positions wisely.
This website uses cookies.