Crypto exchange MEXC is introducing a new Multi-Asset Margin mode designed to make futures trading more efficient and reduce liquidation risk, the company announced on Thursday.

The feature allows traders to use multiple cryptocurrencies — including BTC, ETH, SOL, USDT, USDC, and DOGE — as collateral in a shared margin pool rather than converting assets into a single settlement currency. The move comes as perpetual futures trading volumes continue to climb, topping $831.87 billion according to CoinMarketCap data.

MEXC said the mechanism offers three core advantages: higher capital efficiency, stronger risk-hedging, and automated margin adjustments. For example, profits from a DOGE short position could offset losses from a SOL long, reducing the risk of account-wide liquidation. The system also automatically draws from the shared margin pool if one asset’s price drops, helping traders respond more quickly during volatile swings.

Currently available for cross-margin USDT- and USDC-margined futures, the new mode supports 14 tokens and will expand further over time, according to the company.

To balance efficiency with risk management, MEXC has also introduced a tiered collateral system. Stablecoins enjoy a full 100% collateral rate, while BTC and ETH begin at 97.5% and gradually step down as holdings increase — a design meant to prevent a single large asset from dominating the margin pool.

"With Multi-Asset Margin mode, we are directly addressing the needs of our users by delivering greater efficiency and stronger security. In today's volatile and high-risk markets, this innovation provides traders with a more resilient and flexible way to manage their positions," MEXC COO Tracy Jin said in the announcement.

The launch highlights growing competition among exchanges to capture derivatives traders by improving capital efficiency and risk controls. Rivals Binance, OKX, and Bybit all offer similar cross-asset margin features, though implementation details vary. By optimizing how assets are used as collateral, MEXC is betting it can attract traders who are increasingly seeking flexibility and protection in a volatile futures market.