Bitunix Futures Multi-Asset Mode Conversion Scenarios

To better reduce the risks generated during trading, we use a conversion method when converting non-USDT assets in USDT-M futures accounts into USDT. This method is faster and more cost-effective.

The three scenarios for conversion are:

When a user switches asset modes, from multi-assets margin mode to single-asset margin mode, if there is insufficient USDT, the system will convert other cryptocurrencies in the USDT-M futures account into USDT.
When debt exceeds the individual debt limit, lending risk control is triggered. The system will convert other cryptocurrencies into USDT to repay the debt.
When the account faces position reduction or liquidation risk, the system will convert other cryptocurrencies into USDT to repay the debt and reduce the risk.

Conversion uses exchange rates for calculations, with the specific conversion amount = amount of the converted token × index price of the token × corresponding exchange rate. The exchange rate follows a tiered structure, with larger conversion amounts receiving a lower exchange rate.

Note: When conversion occurs during liquidation or position reduction, the exchange rate applied is determined based on the value tier of the cryptocurrency in the user's account.

When repaying debt in multi-assets margin mode, the system uses conversion to turn non-USDT assets in the contract account into USDT. This method is faster and more cost-effective.

The three scenarios for conversion are:

When the user switches asset modes, from multi-assets margin mode to single-asset margin mode, if there is debt in USDT assets, the system will convert other cryptocurrencies in the USDT-M futures account into USDT.
When debt exceeds the individual debt limit, lending risk control is triggered. The system will convert other cryptocurrencies into USDT to repay the debt.
When the account faces position reduction or liquidation risk, the system will convert other cryptocurrencies into USDT to repay the debt and reduce the risk.
Conversion uses exchange rates for calculations, with the specific conversion amount = amount of the converted token × index price of the token × corresponding exchange rate.

Disclaimer

This article is not intended to provide:

(i) investment advice or investment recommendations;

(ii) an offer, invitation, or solicitation to buy, sell, or hold digital assets;

(iii) financial, accounting, legal, or tax advice.

Digital assets, including stablecoins and NFTs, carry significant risk and price volatility. Evaluate whether trading or holding digital assets is appropriate for your financial situation. Seek guidance from your legal, tax, or investment adviser regarding your specific circumstances.