Namaste Tribe! 🙏
Futures trading on WazirX is expanding with a new market option for traders.
We are introducing Crypto-USDT Futures markets with INR margin on WazirX. Now, traders have the option to trade Futures pairs quoted in USDT alongside the INR Futures markets, which are already available on the platform.
So, if you have been trading BTC-INR, ETH-INR, or other INR Futures markets, you can now also explore Crypto-USDT Futures markets on WazirX.
What Are Crypto-USDT Futures Markets?
Crypto-USDT Futures markets allow you to trade the price movements of crypto assets quoted against USDT.
For example, in the BTC-USDT Futures market, the price of BTC is quoted in USDT. Similarly, you can explore other tokens available across the Crypto-USDT Futures markets.
If you already follow BTC-USDT, ETH-USDT, and other USDT charts for your market analysis, you can now trade these markets on WazirX while continuing to use INR margin.
The core idea is simple: more markets, more flexibility, and more choice in how you trade Futures on WazirX.
What Does INR Margin Mean for Crypto-USDT Futures?
Simply put, INR margin means you can use the INR balance in your Futures wallet to trade Crypto-USDT Futures markets.
You do not need to convert your INR to USDT before opening a position.
While the market price, position value, margin, and P&L are notionally calculated in USDT, your available INR balance is used for the trade. WazirX uses a fixed USDT-INR exchange rate for these calculations, which is displayed on the platform.
This also means changes in the market USDT-INR exchange rate do not continuously change the INR balance available for your Futures trades.
How Does It Work?
To let you understand, here’s a simple example.
Suppose the fixed exchange rate on WazirX is: 1 USDT = ₹99
You have ₹9,900 in your Futures wallet.
For Crypto-USDT Futures, this balance is notionally reflected as 100 USDT for margin and P&L calculations.
₹9,900 ÷ ₹99 = 100 USDT
Your INR is not actually converted into USDT. The USDT value is only used for calculations in the Crypto-USDT Futures market.
Now, suppose you use this margin to open a BTC-USDT Futures position.
If your trade generates a 20 USDT profit, that profit is converted back using the same applicable fixed rate:
20 USDT × ₹99 = ₹1,980
So, in simple terms:
You add INR → WazirX reflects it notionally in USDT for the trade → your margin and P&L are calculated in USDT → the final value is reflected back in INR.
This way, you get the Crypto-USDT futures market experience while using INR for your Futures balance and margin.
The exchange rate shown above is only an example. Refer to the rate displayed on WazirX while trading for the applicable USDT-INR rate.
Why Trade Crypto-USDT Futures With INR Margin?
Crypto-USDT futures markets are widely followed across the global crypto market. Bringing them together with INR margin makes them easier to access for WazirX traders.
- No need to maintain USDT for margin: Use the INR balance in your Futures wallet to trade supported Crypto-USDT Futures markets.
- Follow familiar USDT prices: If your charts, entry levels, or technical analysis are based on USDT prices, you can trade the same market format on WazirX.
- Fixed rate for calculations: A fixed USDT-INR rate is used for margin and P&L calculations, so fluctuations in the market USDT-INR rate do not continuously affect your available balance.
- More Futures markets to explore: Trade across both Crypto-INR and Crypto-USDT Futures markets on WazirX based on the markets you follow.
How To Explore Crypto-USDT Futures on WazirX?
Getting started is straightforward:
- Log in to your WazirX account.
- Head to the Futures section.
- Explore the available USDT Futures markets.
- Select the market you want to trade.
- Add INR to your Futures wallet, if required.
- Review the applicable USDT-INR rate, margin requirement, and other contract details before placing your trade.
As always, make sure you understand leverage, margin requirements, liquidation risk, and other aspects of Futures trading before opening a position.
More Markets. More Ways To Trade Futures.
The launch of Crypto-USDT Futures markets with INR Margin is another step toward expanding the Futures trading experience on WazirX.
If you’ve already been trading Futures in INR, your market choices just got bigger.
Explore Crypto-USDT Futures markets on WazirX and see what’s new.
Happy Trading! 🚀
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