How to deliver AscendEX contracts

To deliver an AscendEX contract, traders must close their position by buying or selling the underlying asset at the current market price, triggering a settlement process to complete the trade and convey the asset to the counterparty.

Nov 27, 2024 at 05:48 am

How to Deliver AscendEX Contracts

AscendEX, a leading crypto exchange, offers a wide range of financial products, including perpetual contracts. These contracts allow traders to speculate on the future price of cryptocurrencies without taking delivery of the underlying asset. Delivering a contract means closing out a position by buying or selling the underlying asset at the current market price. This guide will provide a step-by-step guide on how to deliver AscendEX contracts.

Step 1: Log in to Your AscendEX Account

To access your AscendEX account, visit the official website and enter your login credentials. If you don't have an account yet, you will need to create one.

Step 2: Navigate to the Contracts Page

Once logged in, hover over the "Trading" menu and select "Perpetual Contracts." This will take you to the contracts page, where you can view the available contract listings.

Step 3: Choose the Contract to Deliver

From the list of available contracts, select the one you wish to deliver. The contract details will be displayed on the right-hand side of the page.

Step 4: Open a Position

To open a position, you need to specify the order type, quantity, and leverage. The order type determines whether you are buying or selling the contract. The quantity is the number of contracts you wish to trade. Leverage allows you to increase your potential profits but also amplifies your potential losses.

Step 5: Monitor Your Position

Once you have opened a position, it will be displayed in the "Open Orders" section. You can monitor the performance of your position in real-time and adjust your strategy accordingly.

Step 6: Close Your Position

To deliver a contract, you need to close your position by buying or selling the underlying asset at the current market price. To close a position, go to the "Open Orders" section and click the "Close" button next to the order you wish to close.

Step 7: Settle the Contract

Once you have closed your position, you need to settle the contract. This involves paying any applicable fees and receiving or delivering the underlying asset. The settlement process typically takes a few minutes to complete.

Additional Information

• Fees: AscendEX charges a small fee for each contract you deliver. The fee varies depending on the contract size and the market conditions.
• Leverage: Leverage can be a powerful tool for increasing your profits, but it also amplifies your potential losses. It is important to use leverage with caution and only trade with what you can afford to lose.
• Risk Management: Crypto markets can be volatile, and it is essential to manage your risk accordingly. Set stop-loss orders to limit your potential losses and never trade with more than you can afford to lose.