leveraged trading
There are roughly two types of cryptocurrency trading (physical trading and leveraged trading).
Physical trading refers to normal trading, a way of trading at the current exchange price, a way of trading crypto assets within the funds you have.
On the other hand, leverage for leveraged trading is "leverage" when translated into America, just like the "principle of leverage" that pushes big things with a small force, in the case of crypto assets, it's a small amount of money. This means you can make a lot of trades.
In physical trading, you cannot buy more crypto assets than your own funds, but in leveraged trading, you can use margin as collateral to manage a certain amount of margin. Currently, crypto-asset transactions can reach twice the volume of individual transactions.
About margin
Margin needs to be deposited in USD or crypto assets (BTC, ETH, XRP, LTC, BCH, LINK, DOT) prior to leveraged trading.
Insufficient USD margin balance
Insufficient USD margin balance
USD deposit margin balances as of 6:59 will be judged each morning at 7:00 am and clients with insufficient balances (minus the balance) will be notified via email and notification.
If it lasts for 6 days, including the day the balance shortage first occurs, all cryptocurrencies will be sold after 7:00 am on the 7th day and will be applied to the shortage.
However, cryptoassets that are less than the number of units traded for physical transactions will not be sold.
About margin call system
【Summarize】
At 7:00am each trading day, the necessity of a "margin call" will be determined based on the margin maintenance rate at 6:59am (close of the previous trading day). If the margin maintenance rate falls below 100%, you will be required to deposit the insufficient margin into a "margin call".
【The deposit method and deposit period of the margin call】
Please deposit USD, close positions, etc. before 4:59 am on the relevant trading day.
About loss-cutting rules
The stop loss rule is to force the liquidation of the position in order to prevent the loss from further expansion when there is a certain degree or more of loss in the leveraged transaction.
In leveraged trading, you can trade more than the deposited margin, so depending on market conditions, there may be large losses or even more than the margin.
Leverage fee
Leveraged trades have no expiry date and will be rolled over automatically during the closing process (6:59am each trading day), unless you trade through resale or repurchase of your holdings, which will be rolled over to the next business day.
A management fee for open positions will be charged upon rollover.
The delivery date of the leveraged transaction is the contract date. Trades executed between 7:00am and 6:59am the next day, the daily break (calculation area), will be delivered as contracts on that day.
Notes on leveraged trading
Before trading, please read the terms and conditions, trading manual, customer terms and conditions, etc., and fully understand the contents of the transaction before trading. The risks and judgments are borne by you.
Margin trading allows you to trade more than the margin with a small amount of funds, but due to sudden fluctuations in the price of encrypted assets, etc., you will lose most or all of the margin in a short period of time, or the transaction amount will exceed the margin amount. There is a loss in excess of the margin amount.
If the client owns the physical crypto asset and does not have the USD margin required for leveraged trading, the crypto asset will be considered margin.
Therefore, if you own a physical cryptoasset, deposit the cryptoasset as margin and hold a leveraged buy position, and the cryptoasset falls significantly, there is considerable risk.
During scheduled maintenance, we will not flag the positions you hold. Therefore, please be aware that if the price of the crypto asset suddenly fluctuates during the maintenance period, the post-maintenance mark-to-market may result in an immediate stop loss.
Also, if our first delivery price is a better price than the specified price, only the limit price after regular maintenance will be executed at our first delivery price after maintenance, not the specified price.