# Merge & Split

You can **merge** or **split** your shares in a market.

### Merge 

If you hold shares on **both sides** of a market (for example, Yes and No), you can merge them to redeem **$1 per pair**.

*Example:* You have 2 Yes and 2 No shares. Merging them returns $2. 

<figure><img src="/files/KrQSbjYnlkH4fF6YeTy6" alt=""><figcaption></figcaption></figure>

### Split&#x20;

You can split your balance into an **equal number of shares on both sides.**

*Example:* You split $2 in the market. You receive 2 Yes and 2 No shares.

Split shares can later be **merged** or **traded separately**.

<figure><img src="/files/d3naFVDjz6ahqjRzcCkX" alt=""><figcaption></figcaption></figure>


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