Derivatives Collateral Currencies

Last updated: 23 feb. 2026

Multi-M Linear Derivatives

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:

Multi-M Linear Derivatives Collateral Currencies

Collateral Asset	Ticker	Haircut	Conversion Fee
US Dollar	USD	0%	N/A
Canadian Dollar	CAD	0%	0.0%
Euro	EUR	0%	0.0%
British Pound	GBP	0%	0.0%
Australian Dollar	AUD	0%	0.0%
Swiss Franc	CHF	0%	0.0%
EURC	EURC	1%	0.0%
Global Dollar	USDG	1%	0%
USDC	USDC	0.50%	0.0%
USD Tether	USDT	0.50%	0.0%
PAX Gold	PAXG	3%	0.5%
Algorand	ALGO	10%	0.5%
Artificial Superintelligence Alliance	FET	10%	0.5%
Bitcoin	BTC	1%	0.2%
Ethereum	ETH	1%	0.2%
Arbitrum	ARB	10%	0.5%
Avalanche	AVAX	10%	0.5%
Cardano	ADA	7.50%	0.5%
Celestia	TIA	10%	0.5%
Chainlink	LINK	10%	0.5%
Cosmos	ATOM	10%	0.5%
Curve DAO Token	CRV	10%	0.5%
Dogecoin	DOGE	7.50%	0.5%
dogwifhat	WIF	20%	0.5%
Ethena	ENA	10%	0.5%
Fartcoin	FARTCOIN	20%	0.5%
Filecoin	FIL	20%	0.5%
Injective	INJ	20%	0.5%
Kaspa	KAS	20%	0.5%
Litecoin	LTC	7.50%	0.5%
Ondo	ONDO	10.00%	0.5%
Polkadot	DOT	7.50%	0.5%
Kusama	KSM	20%	0.5%
Mina	MINA	20%	0.5%
Pepe	PEPE	20%	0.5%
Ripple	XRP	5%	0.5%
Sei	SEI	10%	0.5%
Shiba Inu	SHIB	20%	0.5%
Solana	SOL	7.50%	0.5%
SPX6900	SPX	20.00%	0.5%
The Graph	GRT	20%	0.5%
TRON	TRX	10%	0.5%
Uniswap	UNI	10%	0.5%

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.

What is a haircut? When does it apply?

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.

Coin-M Inverse Derivatives

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.

Coin-M Inverse Derivatives Collateral Currencies

Wallet	Collateral	Index	Haircut
FI_BTCUSD	BTC	BRTI	N/A
FI_ETHUSD	ETH	ETHUSD_RTI	N/A
FI_LTCUSD	LTC	LTCUSD_RTI	N/A
FI_XRPUSD	XRP	XRPUSD_RTI	N/A
FI_BCHUSD	BCH	BCHUSD_RTI	N/A

Derivatives Collateral Currencies

Multi-M Linear Derivatives

What is a haircut? When does it apply?

Coin-M Inverse Derivatives

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