What is the multi-currency margin mode?

Multi-currency margin mode is one of the account modes under the unified trading account. It is designed for advanced users trading spot, leverage, and derivatives, allowing multiple assets to be used collectively as margin.

How do I switch to multi-currency margin mode?

On the App:
Tap Trade at the bottom of the page > top-left menu > Trade settings > Account mode > Multi-currency margin mode

On the Web:
Go to Trade > Derivatives trading > top-right corner > Account mode > Multi-currency margin mode

What are the activation requirements?

Total account asset value must be ≥ 10,000 USD

What products are supported?

Multi-currency margin mode supports the following services:

• Spot trading

• Margin trading

• Expiry futures

• Perpetual futures

• Options contracts

What margin modes are available?

• Isolated margin

• Cross-currency cross margin

How does risk control work in multi-currency margin mode?

Cross-currency cross margin

All assets in your account are converted to USD value and shared as margin across eligible positions. Profits and losses from futures and margin positions are offset against each other.

Example:
If your account holds BTC, ETH, and OKB, and you trade BTC perpetual futures and ETH expiry futures using cross-currency cross margin, the system will convert the value of all assets into margin. Both positions will share the same margin pool, and profits and losses will offset each other.

Important note:
Under extreme market conditions, if one or more positions incur significant losses, all assets in the account may be liquidated.

Isolated margin

Each position has its own independent margin and risk exposure. Margin and losses are not shared across positions, which helps limit risk to individual positions.

How does auto-borrow work?

When auto-borrow is enabled in multi-currency margin mode:

• You can open spot or futures positions without holding the required currency

• The system automatically borrows the required asset when needed

In cross-currency cross margin:

• Each currency has an interest-free borrowing limit when trading futures

• If unrealized losses exceed this limit, interest starts to accrue

• Interest is calculated and charged hourly

What is a position reduction alert?

In multi-currency margin mode:

• When the maintenance margin ratio ≤ 300%, the system issues a position reduction warning

• When the maintenance margin ratio ≤ 100%, the system will force liquidate your positions

Please monitor your margin ratio closely to manage liquidation risks.