What is Multi-Asset Settlement?

Our multi-asset settlement feature allows users to settle trades in their preferred fiat currencies or tokens, directly within the position management section on their trading interface.

Whether you prefer traditional currencies or cryptocurrencies such as BTC or ETH, we’ve now streamlined the process for your convenience.

Benefits for Users

• Efficiency
  Reduces the time spent on manual currency conversions or transfers between different accounts.
• Accessibility
  Access to a wide range of settlement options empowers users to manage their positions according to their financial preferences.
• Cost-Effectiveness
  Minimizes fees associated with multiple transactions or conversions through integrated settlement options.
  
  

How to Use It

1. Deposit supported fiat or crypto into your Spot wallet.
2. Move (transfer) those assets into your Futures wallet via the Transfer button.
   
   
   
3. Enter your futures position, margin will be calculated using all the assets in your futures wallet.
4. When closing your position, select a settlement currency (default is USDT).
   
   
   
5. Your realized profit or loss will be credited or debited in that currency, using the conversion formula above if not USDT.

How It Works?

When you close a position with a positive P&L, the system will automatically convert the profit to the currency or fiat which you settle in. 

The method for calculating how much of the target currency / token you will receive is as follows:

USDT Value of Realized P&L / ( Index Price of the Target Currency or Token x ( 1 + ( 1 - Collateral Ratio% ) ) )

For instance:

• Your realized P&L: +3,000,000 USDT
• Settlement currency: BTC
• Index price of BTC: 60,000 USDT
• The conversion ratio follows the logic of the collateral ratio (please refer to Trading Rules)
  
  

In this instance, the realized P&L is +3,000,000 USDT, so please refer to the conversion ratio below.

The BTC you will receive = 1,000,000 / { 60,000 * [ 1 + ( 1 - 99% ) ] } + 1,000,000 / { 60,000 * [ 1 + ( 1 - 98% ) ] } + 1,000,000 / { 60,000 * [ 1 + ( 1 - 97% ) ] } = 49.02274921 BTC