Dear EQONEX customers,
In line with our commitment to continuously improve your experience, kindly note the following upgrade to the EQONEX exchange was made on 27 August 2021:
Cross asset collateralization (Cross Collateral)
EQONEX is pleased to announce the introduction of cross asset collateralization (Cross Collateral). In the past, without Cross Collateral, EQONEX customers could only use USD or USDC as collateral assets to fund their Total Account Margin. With the introduction of this new Exchange feature, when customers enable Cross Collateral, they can also use other digital assets, starting with BTC, to fund their Total Account Margin. This means customers will not necessarily need to have any USD or USDC in their account to open a perpetual position, though we will continue to value your Total Account Margin in USDC. The USDC contribution to your Total Account Margin from each eligible coin is determined by the Mark Price for the coin adjusted by its percentage haircut. To learn more on Cross Collateral as a feature, please visit learn.eqonex.com. To learn more about how to enable Cross Collateral on EQONEX, please visit help.eqonex.com.
Should you need support or have questions, contact us at firstname.lastname@example.org.
The EQONEX Team