BITOY Perpetual Contract Mode

BITOY contracts are categorized into "Isolated Margin" and "Cross Margin."

Isolated Margin Mode:
1、In isolated margin mode, users can open both long and short positions, and the risk for each is calculated independently.
2、When a user faces liquidation, they will only incur losses equal to the position margin. When a user actively closes a position, the resulting profits and losses for long and short positions are immediately settled into the corresponding position margin.
3、If price fluctuations lead to liquidation, the user will only lose the margin amount of the position in the direction being liquidated, without impacting other funds in the contract account.

Cross Margin Mode:
1、In cross margin mode, all available funds in a single contract account are treated as available margin. Liquidation occurs only if the position loss surpasses the account balance.
2、The account has a higher resilience to absorb losses, simplifying position management and calculations.
3、Cross margin mode also supports both long and short positions.

Disclaimer:
Cryptocurrencies have the potential for significant growth but also come with extreme market risks and volatility. We strongly advise users to conduct their own research. BITOY is not liable for any asset losses resulting from user-initiated investments or trading activities.