Wirex Multiply is a crypto-based leverage product that enables users to increase their exposure to digital assets without committing additional capital upfront. By automating a sequence of collateralised loans and reinvestments, Multiply can magnify both potential gains and potential losses within a short timeframe.
Multiply is designed for users who understand the risks of leveraged trading and are comfortable with the possibility of rapid market movements impacting the value of their holdings.
Wirex Multiply is a high-risk product. It uses leverage, which can amplify both profits and losses. You may lose more than your initial deposit, and your position can be automatically closed (liquidated) if the market moves against you.
How Does Wirex Multiply Work?
Wirex Multiply uses your deposited crypto to open a leveraged position through an automated series of lending steps:
You select a cryptocurrency and a Multiplier Level (e.g. 5x to 50x).
Your deposit is used as collateral for the first loan.
The borrowed funds are used to purchase additional crypto, which becomes collateral for the next loan.
This process repeats until the desired leverage is achieved.
You can manage your position by:
Manually closing it at any time,
Setting Take Profit and Stop Loss levels,
Or allowing the system to close it automatically if the Margin Call level is reached.
This strategy can magnify your exposure to market movements — both positive and negative — in a short period.