How to Switch Between Single-Currency Margin and Portfolio Margin Modes

In the fast-evolving world of cryptocurrency derivatives trading, understanding margin modes is essential for managing risk and optimizing capital efficiency. Two prominent models—Single-Currency Margin and Portfolio Margin (also known as Combined Margin)—offer distinct advantages depending on your trading strategy. This guide walks you through how to switch between these modes seamlessly, what prerequisites apply, and how to prepare your account accordingly.

Whether you're using a desktop browser or a mobile app, switching between margin modes requires careful preparation. Most importantly, you must close all open positions and cancel all pending orders before initiating the switch. This ensures system consistency and prevents unintended liquidation risks during the transition.

Understanding the Key Differences

Before diving into the steps, let’s clarify what each mode entails:

• Single-Currency Margin Mode: In this model, each cryptocurrency serves as its own isolated margin. For example, BTC is used only to collateralize BTC futures contracts. This provides clear risk segmentation but limits cross-asset leverage.
• Portfolio Margin Mode: Also known as Combined Margin, this allows multiple assets in your portfolio to act as unified collateral. It increases capital efficiency by leveraging your entire balance for margin requirements—subject to certain eligibility rules.

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It's important to note:

• Portfolio Margin only supports cross-margin (full position) mode, not isolated margin.
• Currently, only USDT-margined (U-Margin) perpetual contracts are eligible for Portfolio Margin usage.

These constraints ensure platform stability and align with risk management frameworks across major exchanges.

How to Switch on HTX Web Platform

Switching between Single-Currency and Portfolio Margin on the HTX web interface is straightforward once your account meets the requirements.

Step-by-Step Instructions:

1. Log in to your HTX account via the official website.
2. Navigate to [Derivatives] > [USDT-Margined Contracts].
3. In the asset panel, locate and click on [Asset Mode].

4. A selection window will appear. Choose either:

   • Single-Currency Margin Mode, or
   • Portfolio Margin Mode

⚠️ Reminder: The option will be grayed out if you have active orders or open positions. You must first settle all trades and withdraw any pending limit/stop orders.

Once confirmed, the change takes effect immediately. Your asset valuation, margin ratio, and available leverage will update based on the newly selected mode.

How to Switch on HTX Mobile App

Mobile traders can also manage their margin preferences with just a few taps.

Step-by-Step Guide:

1. Open the HTX mobile application and log in securely.
2. Tap on [Contracts], then select [U-Margin Contracts].
3. Look for the three-dot menu (…) in the top-right corner and tap it.
4. Select [Asset Mode] from the dropdown options.

5. Choose between:

   • Single-Currency Margin
   • Portfolio Margin

As on the desktop version, the system will block changes if there are unresolved positions or orders. Ensure all trades are settled before attempting the switch.

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These terms reflect common queries among active crypto futures traders seeking clarity on margin flexibility and platform functionality.

Frequently Asked Questions (FAQ)

Q: Can I switch margin modes with open positions?

No. You must close all open positions before switching between Single-Currency and Portfolio Margin modes. The system will not allow changes while active trades are running.

Q: Do I need to cancel my limit orders?

Yes. All pending orders—including limit, stop-limit, and conditional orders—must be canceled prior to changing modes. This prevents execution conflicts after the switch.

Q: Is Portfolio Margin available for coin-margined contracts?

No. Portfolio Margin is currently only available for USDT-margined (U-Margin) perpetual contracts. Coin-margined products do not support this feature.

Q: Will switching affect my unrealized PnL?

Switching does not alter historical data or realized profits. However, unrealized PnL calculations may differ slightly due to changes in valuation methods under Portfolio Margin, which aggregates multi-asset collateral.

Q: How often can I switch between modes?

You can switch as often as needed, provided your account meets the conditions (no open positions or orders). There is no cooldown period or frequency limit enforced by HTX.

Q: Does Portfolio Margin increase my risk?

While Portfolio Margin improves capital efficiency, it also increases systemic exposure, as losses in one asset can impact others in your portfolio. Use proper risk controls like stop-losses and position sizing.

👉 See how diversified margin models help reduce capital strain

Final Notes and Risk Awareness

Margin trading in cryptocurrency markets offers powerful tools—but comes with significant risk. Price volatility can lead to rapid liquidations, especially when leveraging combined collateral models. Always assess your risk tolerance and understand the mechanics of each margin type before trading.

The information provided here is for educational purposes only and does not constitute financial advice. Market conditions and platform features may change without notice.

Remember:

"Efficiency without control leads to exposure; knowledge without action leads to missed opportunity."

Stay informed, stay safe, and trade responsibly.