Multi-Asset Settlement for Crypto Futures

Our multi-asset settlement feature allows users to settle futures trades in their preferred tokens. This feature can be toggled directly within the position management section on their trading interface.

Benefits for Users

• Efficiency
  Reduces the time spent on manual 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 It Works

When you close a position with a positive P&L, the system will automatically convert the profits to the token in which you prefer to settle in. 

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

USDT Value of Realized P&L / ( Index Price of the Target Token x ( 1 +0.5* ( 1 - Collateral Ratio% ) ) )

For instance:

• Your realized P&L: +3,000,000 USDT

• Settlement token: BTC

• Index price of BTC: 60,000 USDT

• The conversion ratio follows the logic of the collateral ratio (please refer to this page)

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 +0.5* ( 1 - 99% ) ] } + 1,000,000 / { 60,000 * [ 1 + 0.5*( 1 - 98% ) ] } + 1,000,000 / { 60,000 * [ 1 + 0.5*( 1 - 97% ) ] } = 49.505759 BTC