Setting collateral cryptocurrencies in multi-currency account mode

Dipublikasikan Pada 6 Mar 2025Diperbarui Pada 10 Mar 2025Baca 4 mnt

What’s the collateral cryptocurrency setting?

Cross-margin mode in multi-currency margin mode supports multiple cryptocurrencies as collateral. When a crypto is set as collateral, its USD-equivalent value is included in the adjusted equity of the account. This allows the crypto to be used as collateral in spot and margin, futures, and options trading under both cross and isolated margin modes. All cryptocurrencies set as collateral participate in risk sharing, providing margin support for all positions within the cross-margin account. The collateral crypto setting allows you choose which cryptocurrencies share risk across margins. This gives you more options for managing trading strategies.

For more details on cryptocurrencies supported as collateral, refer to discount rates.

Trading eligibility after removing a crypto as collateral

When a crypto is removed as collateral, it’ll no longer be included in the adjusted equity of the cross-margin account. This crypto can then only be used for spot trading and can’t be used for margin, futures, or options trading under both cross and isolated margin modes.

Each crypto removed as collateral is isolated, meaning it’ll not provide margin support for any position in the cross-margin account and has no liquidation risk. Additionally, changes in the removed crypto’s balance won’t affect the overall risk of the cross-margin account. By removing a crypto as collateral, you can implement an asset management strategy that separates the risk of the specific crypto.

Below are the details of the relevant asset fields and formulas:

Term	Definition	Formula	Corresponding API field API Doc
Balance	The total balance of assets in the cross-margin account.	N/A	cashBal in details array
Frozen equity	The amount of assets currently occupied, including open spot sell orders in the cross-margin account.	Pending spot sell amount	frozenBal in details array
Available equity	The amount of assets that can still be used for spot sell orders in the cross-margin account.	Max [0, Balance – Frozen equity]	availBal in details array

Trading eligibility after setting a crypto as collateral

When a crypto is set as collateral, the crypto can be used for all trading activities under both cross-margin and isolated margin modes. For details on asset and account-level fields and formulas, refer to: Multi-currency margin mode: cross margin trading

Instrument	When a crypto is set as collateral	When a crypto is removed as collateral
Spot (cross-margin)	✅ Can be used for trading	✅ Can be used for trading
Margin (cross and isolated margin)	✅ Can be used for trading	❌ Can’t be used for trading
Derivatives (expiry futures, perpetual futures, options)	✅ Can be used for trading	❌ Can’t be used for trading

Adjusting the collateral crypto setting

The following key points should be considered before adjusting the collateral crypto setting:

The collateral crypto setting is only applicable to multi-currency account mode.
USDT is automatically set as collateral and can’t be removed.
To remove a crypto as collateral, you must first repay all potential borrowings in that crypto.
To remove a crypto as collateral, you must close all open positions and orders that use that crypto as margin.
To protect your account’t maintenance margin ratio, you can’t remove a crypto as collateral if doing so would lower your margin below the required initial margin to prevent any impact on your account’s maintenance margin ratio.

There are 3 ways to access the margin collateral setting:

1. On the trading screen, go to the Asset tab and select the setting adjustment icon.