Derivatives Collateral Currencies

The Multi-M wallet allows traders the flexibility to deposit a variety of collateral currencies to back their positions. Neither base nor the quote currency is needed as collateral to trade and all collaterals are valued in USD for margining under a single wallet with cross or isolated margin.

Haircuts and conversion fees apply to non-USD collateral currencies.

The following collateral currencies are supported:

Interest and auto-conversions can apply to unrealized losses uncovered by USD, depending on the value of the loss. See Fees for Multi-M Derivatives for more information.

Collateral limits cap the amount of a given asset that counts toward your margin equity. Any balance above the limit is excluded from collateral value and from liquidation. For example, if an asset has a $100,000 collateral limit and a 5% haircut, a $150,000 balance yields $95,000 in collateral value, and the excess $50,000 is ignored in a liquidation event.

Coin-M Inverse contracts only allow the base currency of the pair to be used as collateral.

Each collateral currency has a separate wallet and each wallet's collateral supports trading of both perpetual and fixed maturity contracts.

e.g. if trading a BTC/USD contract, the only collateral allowed would be BTC.