> For the complete documentation index, see [llms.txt](https://docs.vela.exchange/vela-knowledge-base/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.vela.exchange/vela-knowledge-base/exchange/trading.md).

# 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.\
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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.\
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Traders also have access to Vela's deep liquidity to empower their trades with up to 100x leverage. Users can refer to individual position health in real time as an added layer of protection and information.

<figure><img src="https://1356357463-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FrN46BgyysObtNusDYaGn%2Fuploads%2F7cA8cNm6yRzw4QmOXq8k%2Fimage.png?alt=media&amp;token=881e8f85-78dc-4a13-82f1-eb13802eff99" alt=""><figcaption><p>Example of Liq. Risk Meter in Open Positions</p></figcaption></figure>

## Assets

Vela Exchange supports a variety of assets with prices derived from custom price feeds.&#x20;

Vela offers trading of synthetic crypto assets; Each pair offered have different [Trading Rates](/vela-knowledge-base/exchange/platform-mechanics/fees.md#overview) (Position, Funding, Borrowing) as well as [Open Interest Limits](/vela-knowledge-base/exchange/platform-mechanics.md#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.<br>

<figure><img src="https://1356357463-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FrN46BgyysObtNusDYaGn%2Fuploads%2FbVY2tE1N60JDVywCnx7N%2Fimage.png?alt=media&amp;token=3b9c1179-9beb-4d83-be3d-65ff18cf0500" alt=""><figcaption><p>Main Dashboard</p></figcaption></figure>

### Crypto

Vela currently offers the Crypto pairs mentioned below:&#x20;

<details>

<summary>To see which pairs we currently support, click here.</summary>

* BTC/USD&#x20;
* ETH/USD
* LTC/USD&#x20;
* ADA/USD&#x20;
* DOGE/USD&#x20;
* SHIB/USD&#x20;
* ARB/USD&#x20;
* SOL/USD&#x20;
* MATIC/USD&#x20;
* 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
* W/USD
* WIF/USD
* TON/USD
* FLOKI/USD
* MEME/USD
* BOME/USD<br>
* UNI/ USD<br>
* FTM/USD<br>
* AAVE/USD
* GMX/USD

</details>

Leverage Range: 1x to 100x \
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Crypto markets are always open, there are no time restrictions and gaps that would affect order strategies like stop loss.<br>