Dear Valued Coincall Users,
Multi-currency Margin (MCM) is Available now on Coincall. This Mode will help users convert all crypto to USDT value for enhanced Margin trading efficiency!
In this Mode, users can trade with Spot, Perpetual, and Options. Margin calculations for order placement and holding positions will be in USDT and USDT values in different currencies will be used for calculations.
When USDT’s equity is less than 0 due to the loss of contracts, the liability and interest of USDT will be generated automatically. If the equity is insufficient, all the positions under cross-margin mode will be partially or fully forced liquidated.
If the following conditions are not met, the user's account will be automatically switched to MCM：
* No Positions in Account.
* No Open Orders in Account.
* No Loans in this Account
Users can set the Margin based on their preferences. Navigate to "Settings" -> "Margin Mode" to switch Account Modes.
Coincall offers two account modes: Single-currency Margin (SCM) and Multi-currency Margin (MCM), catering to different trading needs.
Below is a comparison of the two account modes:
| Account Mode | Features | Conditions |
| Multi-currency Margin |
— Supports conversion of other assets into USDT value for perpetual and options trading, enhancing capital efficiency; offsets gains and losses between derivative products, enabling opening positions with floating profits. — Tradable products: Spot, Perpetual, Non-Liquidation Futures, Options — Available Mode: Cross Margin |
The default mode for users |
| Single-currency Margin |
— Futures and options share USDT assets as margin; risk isolation between USDT and other currency assets. — Tradable products: Spot, Perpetual, Non-Liquidation Futures, Options — Available Mode: Cross Margin |
Switchable with no open orders, or debts |
Click to learn more about “Multi-currency Margin Mode”
Risk Warning:
1. In the Multi-currency margin account mode, if a user's USDT asset net value is insufficient, the user will automatically become a "Loan". When calculating the user's margin, the corresponding portion of the non-USDT currency assets will be frozen, and withdrawals will be unavailable. After the user closes the position, withdrawals can be made.
2. "Loan" users under the Multi-currency Margin mode get bankruptcy.
Specifically, when ∑(non-USDT currency assets * index price * discount rate) ≤ USDT loss amount, the platform's risk control engine will forcibly liquidate all non-USDT currency assets in the account and convert them into USDT to repay the debt. The user will have a record of the currency conversion in the account and receive an email notification.
Best regards,
Coincall Team
Up to 0 Spread Options Trading
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