Crypto derivatives exchange BitMEX is launching Multi Asset Margining, a new feature allowing traders to use multiple margin currencies - including USDT, USDC, ETH, and XBT (bitcoin) - to trade derivatives contracts without the hassle of asset conversions or wallet transfers.

The tool was designed to streamline the trading process, enhance flexibility, and increase capital efficiency, empowering users to trade with more currencies of their choice, with the list of currencies to expand in the future

With the addition of Multi Asset Margining, users can open and maintain positions using currencies other than a contract’s settlement currency. This eliminates the step of time-consuming asset conversions, allowing users to hold multiple currencies to gain exposure to diverse markets simultaneously.

Unlike the requirements set on most exchanges, BitMEX users can deposit their preferred currency and start trading immediately without needing to shuffle funds between wallets.

The new Multi Asset Margining system automatically allocates a user’s funds to meet the margin requirements of their positions in the most efficient way possible. Traders can easily enable the feature through their account settings and monitor their available margin on the Wallet page.