Crypto futures trading allows traders to take positions on price movements without owning the underlying asset. This means you can potentially benefit in both rising and falling markets.
In India, a new model is growing, INR-margined crypto futures, where your collateral is in Indian Rupees instead of stablecoins like USDT.
This makes futures trading more accessible for Indian users, simplifies profit and loss tracking in INR, and removes the extra step of stablecoin conversion.
You could learn,
In futures trading, margin is the money you lock up as collateral to control a larger position.
Most crypto futures platforms traditionally require stablecoins like USDT as margin. However, INR-margined futures allow you to use Indian Rupees directly as collateral, removing the need for stablecoin conversion and making P&L easier to track for Indian traders.
For example, if you have ₹10,000 and use 10x leverage, you can open a futures position worth ₹1,00,000.
“INR-margined futures lets you open crypto futures positions while posting margin in Indian Rupees instead of stablecoins.”
A key point many traders miss is that platforms may handle INR-margin in different ways.
Two Common Models –
In this setup, you deposit INR, but the platform converts it internally into a USDT value so you trade the usual USDT perpetual contracts.
Your margin stays in INR, but pricing and settlement happen behind the scenes using an INR↔USDT conversion rate.
In the INR futures model, the contract itself is priced and settled directly in INR. Your entry, exit, and profit/loss are shown completely in rupee terms.
| Feature | INR as Margin (Model A) | True INR Futures (Model B) |
| Margin Currency | INR | INR |
| Contract Price | USDT-based internally | INR-based |
| P&L Display | Converted to INR | Direct INR |
| Stablecoin Conversion | Hidden in the backend | Not needed |
Hidden costs to watch include spread, funding charges, and conversion rate rules.
Margin is calculated based on your position size and leverage.
So if you deposit ₹10,000 and choose 10x leverage, you can control a ₹1,00,000 position.
The amount you deposit to start the trade is called your initial margin, and it remains locked as collateral while the trade is open.
As the market price moves, your unrealized profit or loss changes in real time.
To keep your position active, you must maintain a minimum balance known as the maintenance margin. If your balance falls below this level, liquidation risk increases.
Most exchanges also rely on the mark price, a fair reference price used to avoid liquidations caused by short-term price spikes.
Once you exit the trade, your profit or loss is settled in INR, and your locked margin is released.
If the platform uses internal INR↔USDT conversion, small differences may occur depending on rate movement.
To trade futures safely, beginners should be familiar with these core terms:
Leverage limits depend on the platform, the asset’s volatility, and the trader’s risk tier.
Leverage works as a multiplier, allowing you to control a larger position with a smaller deposit, but it also increases liquidation sensitivity.
Beginners should start with 2x–5x leverage, use stop-loss orders, and prefer isolated margin.
Lower leverage gives more time and reduces liquidation risk.
Liquidation occurs when your margin buffer is no longer enough to support losses, and the exchange automatically closes the position.
If you open a long position with:
Even a small downward move can push your position toward liquidation because the margin buffer is thin.
Futures charts look similar to spot charts, but they include additional factors like mark price and funding.
Traders usually check:
Mark price is what most platforms rely on for liquidation events.
Futures trading is less about predicting perfectly and more about controlling downside risk.
There is no single best strategy, but these are commonly used by experienced traders.
Works best in strong uptrends or downtrends.
Works in sideways markets.
Used when holding spot assets but expecting short-term downside.
INR-margined crypto futures make futures trading more accessible for Indian users by allowing margin and P&L tracking directly in rupees.
However, futures remain a leveraged product, so managing risk, understanding liquidation, and using disciplined strategies are essential.
To trade crypto derivatives with clarity and built-in risk controls, download the Mudrex app. For practical tutorials, market insights, and beginner-friendly explainers, subscribe to the Mudrex YouTube channel and stay updated with the latest in crypto trading.
Margin is the collateral you post to open and maintain a leveraged futures position.
It depends on the platform, asset, and risk tier. Beginners should start low.
Trend-following combined with strong risk management tends to work best long-term.
INR margin simplifies accounting, but safety depends more on leverage and volatility.
Beginners should usually use isolated margin to limit risk to one position.
Most platforms liquidate positions to prevent this, but extreme market gaps may cause additional losses.
Maker/taker fees, funding payments, and spread costs apply.
A periodic payment between longs and shorts to keep perpetual prices aligned with spot markets.
Use low leverage, isolated margin, and stop-loss orders.
Look for liquidity, transparent fees, INR onboarding, and strong risk tools.
