How to set collateral cryptocurrencies in multi-currency account mode
What’s the collateral cryptocurrency setting?
selected-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 selected and isolated margin modes. All cryptocurrencies set as collateral participate in risk sharing, providing margin support for all positions within the selected-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 selected-margin account. This crypto can then only be used for spot trading in selected-margin mode, as well as futures, and options trading in isolated margin mode.Each crypto removed as collateral is isolated, meaning it’ll not provide margin support for any position in the selected-margin account. Additionally, changes in the removed crypto’s balance won’t affect the overall risk of the selected-margin account. By removing a crypto as collateral, you can implement an asset management strategy that separates the risk of the specific cryptoBelow 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 selected-margin account. | N/A | cashBal in details array |
Frozen equity | The amount of assets currently occupied, including open spot sell orders in the selected-margin account and isolated mode orders. | Open spot sell amount + Assets frozen in isolated margin mode orders | frozenBal in details array |
Available equity | The amount of assets that can still be used for spot sell orders in the selected-margin account, as well as isolated margin orders in multi-currency margin mode. | 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 selected-margin and isolated margin modes. For details on asset and account-level fields and formulas, refer to: Multi-currency margin mode: selected margin trading
Instrument | When a crypto is set as collateral | When a crypto is removed as collateral |
Spot (selected-margin) | ✅ Can be used for trading | ✅ Can be used for trading |
Margin (selected-margin) | ✅ Can be used for trading | ❌ Can’t be used for trading |
Derivatives (expiry futures, perpetual futures, options in selected-margin) | ✅ Can be used for trading | ❌ Can’t be used for trading |
Isolated Margin Trading （expiry futures, perpetual futures, options) | ✅ Can be used for trading | ✅ Can 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.
USDC 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’s maintenance margin ratio, you can’t remove a crypto as collateral if doing so would lower your margin below the required frozen margin to prevent any impact on your account’s maintenance margin ratio.
The collateral crypto setting is specifically applicable to your account’s multi-currency margin mode of your selected-margin account. This setting doesn’t affect collateral used for your loan. If you have institutional loans or credit line, removing a crypto as collateral in your trading account won’t remove it as collateral for loans. In loans, all assets within the risk unit of your trading account will be used as collateral.
There are 3 ways to access the margin collateral setting:
On the trading screen, go to the Asset tab and select the setting adjustment icon.
2. On the trading screen, go to settings and click collateral crypto.
3. On the trading screen, tap on the MM icon in the top-right corner.
4. On the trading account screen, select the setting adjustment icon.