Leverage trading is a type of spot trading that requires holding a certain amount of coins or USDT, and trading through collateralized borrowing.

For example: Going long with leverage means you believe a coin will rise. You can use the coins or USDT you have as collateral to borrow more USDT, then buy more coins at the current price. Once the price rises above your purchase price, you sell the coin, repay the borrowed amount, and the remainder is your profit.

Going short with leverage means you believe a coin will fall. You can use collateral to borrow coins, sell them at the current price to get USDT, and then wait for the price to drop. With the USDT you have, you can buy more coins at a lower price, and the extra coins you acquire are your profit. Repay the borrowed amount, and take the profit.

For example, in BTC/USDT leverage trading, if you go long, you need to borrow USDT; if you go short, you need to borrow BTC.

The leverage multiples in leverage trading have limits; for Bitcoin, it supports up to 10x, while other coins may support only up to 5x.

In perpetual contracts, the leverage multiple can support up to 125x, but this also varies by coin.