Here are some common reasons why you might be unable to borrow funds for margin trading on a crypto exchange:
- Insufficient Collateral: The amount of collateral you've deposited is not enough to support the loan you're requesting. To increase your borrowing power, deposit more of the required collateral asset.
- Loan Limit Reached: You may have reached your personal loan limit set by the exchange. This limit is often determined by factors like your account history, trading volume, and risk assessment.
- Maintenance Margin Requirement: Your account's current equity level has fallen below the exchange's maintenance margin requirement. This means your position is at risk of liquidation. To avoid liquidation, either deposit more funds or reduce your position size.
- Exchange Restrictions: The exchange might have temporary restrictions on borrowing due to market volatility or other factors. Check the exchange's announcements or contact their support for the latest updates.
- Account Verification: Your account might not be fully verified. Some exchanges require complete verification before allowing margin trading. Ensure you've provided all necessary documents.
If you're still having trouble, please contact our customer support team for further assistance.
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