What is Spot Margin?
Most people buy crypto hoping the price goes up. Spot Margin lets you profit when the price goes down instead.
You borrow crypto from Coinmerce, sell it immediately at today's price, and aim to buy it back later at a lower price. The difference is your profit. If the price rises instead, you take a loss.
A quick example
You think Bitcoin is overvalued at €60,000:
You borrow 0.01 BTC from Coinmerce.
Coinmerce sells it for €600.
BTC drops to €54,000, and you buy back 0.01 BTC for €540.
The €60 difference (minus fees) is your profit.
If BTC had risen to €66,000 instead, you'd take a €60 loss.
How is this different from buying crypto?
Buying | Spot Margin (shorting) |
Profit when price rises | Profit when price falls |
You own the asset | You owe the asset |
No borrowing fee | Borrowing fee every 4 hours |
Loss capped at what you spent | Loss capped at your collateral |
What's available at launch
Short positions only (no long positions).
1× leverage: your borrow size always equals your collateral.
BTC, ETH, and XRP.
1 open position per asset at a time.
App only: not available on web.
We'll expand this over time based on demand and feedback.
Is Spot Margin right for me?
Spot Margin is suitable if you:
Have a clear view that a specific asset will fall in the short term;
Are comfortable monitoring positions actively;
Can afford to lose your full collateral.
If you're new to crypto or focused on long-term holding, Spot Margin is probably not the right tool. That's why we ask every user to pass a short knowledge test before unlocking access.
A note on regulation
The exchange transactions that open and close your position are regulated under MiCAR. The borrowing of crypto-assets from Coinmerce is currently not a service regulated under MiCAR, so some MiCAR safeguards don't apply to the lending component. You'll find more detail in the Spot Margin Terms & Conditions.
⚠️ Short selling carries real risk. Never deposit more collateral than you can afford to lose.