Trading
Overview
Vela Exchange uses isolated margin to limit collateral liability, meaning that only the user's position collateral is risked in a given trade. This is the industry standard for trading accounts and is the most widely used method in DeFi, and we believe it to be the most responsible means of serving our customers. Limiting account risk is imperative to the DeFi trading experience for users of all experience backgrounds. Given the volatile nature of cryptocurrencies, isolated margin mitigates overall account balance risk while maintaining the necessity for a non-custodial trading experience. Traders also have access to Vela's deep liquidity to empower their trades with up to 250x leverage. Users can refer to individual position health in real time as an added layer of protection and information.
Assets
Vela Exchange supports a variety of assets with prices derived from custom price feeds.
Vela offers 3 types of assets; Crypto, Forex, and Commodities (Metals). Each of these asset types and pairs offered have different Trading Rates (Position, Funding, Borrowing) as well as Open Interest Limits due to diverse volatility. As the margin pool grows, Vela will add more pairs based on community demand.
Assets are fully synthetic, and do not denote an exchange of specified assets between Vela Exchange and traders or between traders.
Crypto
Vela currently offers the Crypto pairs mentioned below:
BTC/USD
ETH/USD
LTC/USD
ADA/USD
DOGE/USD
SHIB/USD
ARB/USD
SOL/USD
MATIC/USD
AVAX/USD
ATOM/USD
DOT/USD
BNB/USD
PEPE/ USD
XRP/ USD
CRV/ USD
OP/USD
MKR/USD
LINK/USD
INJ/USD
PYTH/USD
BONK/USD
TIA/USD
SEI/USD
SUI/USD
TAO/USD
KAS/USD
FET/USD
NEAR/USD
Leverage Range: 1x to 100x Crypto markets are always open, there are no time restrictions and gaps that would affect order strategies like stop loss.
Forex
Vela currently offers the Forex pairs mentioned below:
EUR/USD
GBP/USD
USD/JPY
AUD/USD
USD/CAD
Leverage Range: 1x to 250x Unlike Crypto markets, Forex markets are not always open. Below you can see the general time table for Forex markets: Forex markets are open Sunday 10pm UTC to Friday 10pm UTC Trading is closed daily from 10pm to 11pm UTC Some of these times may be affected by holidays, please check https://www.forex.com/en-ca/support/trading-hours/ for more information.
Metals
Vela currently offers the Precious Metal pairs mentioned below:
XAG/USD
XAU/USD
Leverage Range: 1x to 100x
Metals has the same opening and closing times as Forex assets.
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