Automatic Borrowing Overview
The platform supports automatic borrowing for currencies that allow lending when users place orders or initiate transfers. When the cumulative sell quantity (including unexecuted orders) and transfer quantity exceed the currency balance, the system automatically and in real-time borrows the sold currency from the exchange's lending pool to ensure immediate order execution and successful transfers, without requiring manual borrowing operations.
For currencies that the platform does not support for lending, the cumulative sell quantity (including unexecuted orders) and transfer quantity cannot exceed the currency balance, meaning only spot trading and transfers without borrowing are supported.
Spot Margin Trading Rules
The trading rules for spot margin trading include minimum order quantity, price accuracy, and more. For more information, please visit the Trading Guide - Spot Margin Trading Rules. The following is a schematic representation of the asset trading rules:
- Click here to view the latest data.
| Trading Pair | Minimum Order Quantity | Price Precision | Minimum Order Price / Minimum Price Movement | Limit Order Price Upper/Lower Limit Ratio | Market Order/Limit Order Single Maximum Quantity | Market Order Price Upper/Lower Limit Ratio | Maximum Pending Order Quantity | Minimum Notional Value | Has Leverage Market |
| BTC/USDT | 0.0001 | 0.1 | 5 USDT | 3%/3% | 1,500,000 / 10,000 USDT | 3%/3% | 500 | 10 | Yes |
| ETH/USDT | 0.002 | 0.01 | 5 USDT | 3%/3% | 1,500,000 / 10,000 USDT | 3%/3% | 500 | 5 | Yes |
Lending rate
- Lending and borrowing rates use a floating rate mechanism, using the formula: Base Rate + (Utilization Factor * (Current Lending Rate - Threshold)).
- Update Frequency: Automatically updated every hour. The exchange reserves the right to make temporary adjustments in the event of extreme market volatility or liquidity abnormalities.
- Interest Calculation: Interest is calculated and settled every hour.
Borrowing Limits
Account Borrowing Limit: The initial margin rate of the user account cannot exceed 100%.
Currency Borrowing Limit: To prevent liquidity risks or market manipulation, a borrowing limit is set for each currency. Actual liabilities cannot exceed the upper limit of the highest tier. For example, BTC liabilities cannot exceed 1,000,000 USDT.
Platform Borrowing Limit: When the lending amount in the platform's borrowing pool exceeds the upper limit, users cannot place new sell orders in the spot leverage market or transfer borrowed coins.
Leverage Tier Rules
The maximum borrowable amount, highest available leverage multiple, and maintenance margin rate differ for each tier. The higher the leverage multiple, the smaller your coin borrowing limit. The larger the borrowed coin amount, the higher the maintenance margin rate of the corresponding tier. For leverage tier rules, please click to view.
Repayment
Manual Repayment: By transferring the borrowed currency into the trading account or buying the borrowed currency through spot trading, the loan can be automatically repaid.
Automatic Repayment: When the borrowed amount exceeds 100% of the personal borrowing limit, or the lending amount in the platform borrowing pool exceeds the upper limit, automatic repayment will be triggered.