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ASTER rallies 10% as Aster Pro Mode adjusts margin tiers for 37 perp contracts

ASTER rallies 10% as Aster Pro Mode adjusts margin tiers for 37 perp contracts

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ASTER rallies 10% as Aster Pro Mode adjusts margin tiers for 37 perp contracts

Perp DEX Aster was in the spotlight on Monday as cryptocurrencies hinted at reversals.

Amidst bullish sentiments, Aster took it to X to confirm that its Pro Mode will modify leverage settings and margin tiers for 37 perpetual contracts.

The adjustment will affect multiple pairs. The list includes ZORAUSDT, MOODENGUSDT, FLOCKUSDT, CUSDT, and others.

Notably, these changes aim to ensure stability within Aster’s derivatives markets, which have seen impressive growth lately.

By modifying leverage limits and collateral requirements, the DEX can reduce risks of sudden liquidations while ensuring streamlined trading offerings to its growing global user base.

The adjustments are likely linked to the latest incident where Aster had to compensate a user after abnormal price movements in the XPL pair.

The news coincided with native token ASTER’s rally, up by over 10% on its daily timeframe.

Why do these adjustments matter?

Perpetual decentralized exchanges are gaining significant traction, with names like Aster, Hyperliquid, and Avantis gaining popularity.

Experts, including Binance’s CZ, believe perp futures could transform crypto trading in the coming months.

Perp DEXs attracted attention for their massive leverage, which can translate to magnified returns.

However, they carry risks as minor price swings might catalyze forced liquidations.

Aster plans to strike a balance with its new framework as it aims to dethrone centralized exchanges (CEXs).

Meanwhile, Changpeng Zhao declared Binance as the only true rival of Aster.

Volatile tokens might see tighter restrictions, whereas relatively stable pairs retain their moderate flexibility.

The primary goal is to safeguard traders from unpredictable losses while boasting Aster’s resilience.

ASTER soars 10%

Aster’s announcement came as its native token maintained an upward trajectory.

ASTER trades at $1.98 after gaining more than 10% in the past 24 hours.

Chart by Coinmarketcap

Coinglass data confirms improving sentiments with soaring Open Interest and trading volumes.

The rally reflects optimism as the DEX adopts a new risk model.

Aster appears poised for steady growth, considering its unique niche.

High-profile bullish bets also cement Aster as the project to watch in the coming times.

Renowned YouTuber MrBeast continues his ASTER accumulation spree, now holding $1.28 million worth of assets.

That indicates conviction in the token’s future performance.

Also, the United States president has shown interest in Aster, purchasing tokens worth over $74 million.

Celebrity endorsement and Trump’s substantial position add credibility to Aster’s transformative narrative.

ASTER appears set for remarkable gains and growth in the predicted market-wide bull run in the fourth quarter.

The post ASTER rallies 10% as Aster Pro Mode adjusts margin tiers for 37 perp contracts appeared first on Invezz

Read the article at Invezz

In This News

Coins

$ 2.25

-1.99%

$ 940.48

+0.95%

$ 0.0171

-0.27%

$ 0.00...361

$ 0.0000824


Share:

In This News

Coins

$ 2.25

-1.99%

$ 940.48

+0.95%

$ 0.0171

-0.27%

$ 0.00...361

$ 0.0000824


Share:

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ASTER rallies 10% as Aster Pro Mode adjusts margin tiers for 37 perp contracts

ASTER rallies 10% as Aster Pro Mode adjusts margin tiers for 37 perp contracts

Share:

ASTER rallies 10% as Aster Pro Mode adjusts margin tiers for 37 perp contracts

Perp DEX Aster was in the spotlight on Monday as cryptocurrencies hinted at reversals.

Amidst bullish sentiments, Aster took it to X to confirm that its Pro Mode will modify leverage settings and margin tiers for 37 perpetual contracts.

The adjustment will affect multiple pairs. The list includes ZORAUSDT, MOODENGUSDT, FLOCKUSDT, CUSDT, and others.

Notably, these changes aim to ensure stability within Aster’s derivatives markets, which have seen impressive growth lately.

By modifying leverage limits and collateral requirements, the DEX can reduce risks of sudden liquidations while ensuring streamlined trading offerings to its growing global user base.

The adjustments are likely linked to the latest incident where Aster had to compensate a user after abnormal price movements in the XPL pair.

The news coincided with native token ASTER’s rally, up by over 10% on its daily timeframe.

Why do these adjustments matter?

Perpetual decentralized exchanges are gaining significant traction, with names like Aster, Hyperliquid, and Avantis gaining popularity.

Experts, including Binance’s CZ, believe perp futures could transform crypto trading in the coming months.

Perp DEXs attracted attention for their massive leverage, which can translate to magnified returns.

However, they carry risks as minor price swings might catalyze forced liquidations.

Aster plans to strike a balance with its new framework as it aims to dethrone centralized exchanges (CEXs).

Meanwhile, Changpeng Zhao declared Binance as the only true rival of Aster.

Volatile tokens might see tighter restrictions, whereas relatively stable pairs retain their moderate flexibility.

The primary goal is to safeguard traders from unpredictable losses while boasting Aster’s resilience.

ASTER soars 10%

Aster’s announcement came as its native token maintained an upward trajectory.

ASTER trades at $1.98 after gaining more than 10% in the past 24 hours.

Chart by Coinmarketcap

Coinglass data confirms improving sentiments with soaring Open Interest and trading volumes.

The rally reflects optimism as the DEX adopts a new risk model.

Aster appears poised for steady growth, considering its unique niche.

High-profile bullish bets also cement Aster as the project to watch in the coming times.

Renowned YouTuber MrBeast continues his ASTER accumulation spree, now holding $1.28 million worth of assets.

That indicates conviction in the token’s future performance.

Also, the United States president has shown interest in Aster, purchasing tokens worth over $74 million.

Celebrity endorsement and Trump’s substantial position add credibility to Aster’s transformative narrative.

ASTER appears set for remarkable gains and growth in the predicted market-wide bull run in the fourth quarter.

The post ASTER rallies 10% as Aster Pro Mode adjusts margin tiers for 37 perp contracts appeared first on Invezz

Read the article at Invezz

In This News

Coins

$ 2.25

-1.99%

$ 940.48

+0.95%

$ 0.0171

-0.27%

$ 0.00...361

$ 0.0000824


Share:

In This News

Coins

$ 2.25

-1.99%

$ 940.48

+0.95%

$ 0.0171

-0.27%

$ 0.00...361

$ 0.0000824


Share:

Read More

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