How to add margin to Gemini contract

Before activating margin trading on Gemini, eligible account holders must pass KYC verification and maintain a minimum account balance of $50,000.

Nov 11, 2024 at 06:20 am

Step-by-Step Guide to Adding Margin to Gemini Contracts

Step 1: Eligibility Check

Ensure that you meet Gemini's margin trading eligibility criteria:
- Must be a resident of a supported jurisdiction
- Complete the KYC (Know Your Customer) process
- Have a minimum account balance of $50,000
Note that margin trading involves risks and is not suitable for all investors.

Step 2: Margin Funding

Fund your Gemini account with the desired amount that you wish to allocate for margin trading.
You can use USD, USDC, or GUSD as collateral for your margin trades.

Step 3: Enable Margin Trading

Log into your Gemini account and navigate to the "Trading" section.
Click on "Contracts."
Under "Funding," click on "Enable Margin Trading."
Review and agree to the terms and conditions.

Step 4: Set Loan-to-Value (LTV) Ratio

Determine the amount of leverage you wish to utilize, up to a maximum of 10x (Loan-to-Value ratio of 90%).
The higher the LTV, the greater the potential for both rewards and losses.

Step 5: Select Trading Assets

Choose the trading pairs that you wish to trade on margin.
Refer to the Gemini support page for a list of eligible trading assets.

Step 6: Open Margin Position

Use the Gemini trading interface to place a margin order.
Specify the order type, such as "Maker" or "Taker."
Enter the trade parameters, including the size, entry price, and profit/loss targets.

Step 7: Manage Margin Position

Monitor your margin position closely to ensure that you maintain a sufficient level of collateral.
Gemini provides a "Risk Management Dashboard" that allows you to track your LTV and potential liquidation price.

Step 8: Close Margin Position

Once you are satisfied with your trading performance, take steps to close your margin position.
This involves selling any open trades and repaying any outstanding loans.
Failure to close an underperforming margin position promptly can lead to significant losses.

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