Coinbase Pro

Understanding your Margin Portfolio

In your Coinbase Pro account, you can see Margin Trading information, including your Margin Score.

Margin Score

The Margin Score shows the health of your margin account. It warns you if you are approaching a Margin Call, the threshold at which you’re nearing liquidation risk. 

  • Your Margin Score represents your ratio of collateral assets to liabilities, which measures  how collateralized your liabilities are. -

    • Mathematically, it is calculated as the value of your collateral assets minus the value of your liabilities, divided by the value of your collateral assets. 

  • Your Margin Score is expressed as a percentage between 0% and 100%

  • If your Margin Score is at 33% or below, you will not be able to trade other than to reduce your borrowing amount

    • Your open positions may be liquidated by Coinbase at any point after your Margin Score dips to unhealthy, in order to return your account to a healthy Margin Score. For more information on how to manage your Margin Score, please visit this help page

Collateral Assets

Only certain cryptocurrencies will be considered as eligible collateral assets for borrowing (“collateral assets”). The more collateral you have, the more you can borrow. 

  • USDC and USD count 1:1 as collateral with borrowed funds and the USD value of your BTC is also considered 1:1 collateral.

  • This list will be updated as Coinbase Credit LLC continuously evaluates assets eligible to be considered Collateral. 

Non-Collateral Assets

Non-collateral assets include all assets other than BTC, USDC, and USD. You can purchase non-collateral assets, but they will not count as collateral for purposes of determining how much you can borrow or for purposes of determining your Margin Score. Please note, Coinbase may access these other non-collateral assets in case you default on your obligations to Coinbase. 

USD Currently Borrowing

This shows the amount you are currently borrowing from Coinbase in order to trade crypto. Please note that there is an 8% annualized interest rate on the amount you borrow. Interest is only charged for hours in which you use margin.

Line of credit to buy collateral assets

This is the amount you have available to buy collateral assets with USD, for example on BTC-USD, based on the collateral assets currently in your account.

Line of credit to buy non-collateral assets

This is the amount you have available to buy non-collateral assets with USD, for example on ETH-USD, based on the collateral assets currently in your account.

Interest paid (last 30 days)

This is the interest you have paid on margin loans in the last 30 days. 

Lending services are provided by Coinbase Credit, Inc., a wholly-owned subsidiary of Coinbase Global, Inc. (NMLS#1895538)

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