• Unified Trading Account will allow traders to diversify their trades and plan their trading strategies.
  • The UTA offers all of its investors a single margin account.

Bybit, one of the most well-known cryptocurrency exchanges, has come up with a new initiative for its investors. According to the latest announcement from the trading platform, it has introduced a new feature called, Unified Trading Account (UTA), a flexible all-in-one account option that provides multiple benefits for Bybit customers. 

The Features of a Unified Trading Account (UTA)

The Unified Trading Account, Bybit’s new upgrade, is intended to provide traders with a seamless trading experience. Its wide-ranging features will allow traders to diversify their trades and plan their trading strategies, as it offers all clients a single margin account. Trading across a variety of instruments, including spot, futures, perpetual, and options, from a single account, enables traders to quickly switch between various strategies without having to manually move funds between accounts. 

Ben Zhou, the co-founder, and CEO of Bybit, stated:

Deploying a UTA at Bybit resembles holding the master key to your personal trading universe. Trading and holding contracts across the digital asset space in a market that never sleeps is not always humanly possible. We understand that, for traders, managing multiple accounts and margins can be time-consuming and irksome.

Zhou further conveyed that Bybit’s intention behind the development of the unified trading account is to allow traders to upgrade all assets into a single account and maximize their floating P/L. He also added that the UTA is an influential tool for any trader aiming to optimize their approach “when combined with Bybit’s ultra-fast trading platform and deep liquidity.”

UTA features such as shared margin help Bybit traders cover losses with gains without terminating deals. For cross-margin trading, UTA offers over 60 asset classes, and unrealized profits can be leveraged to establish new positions. Within UTA, the ability to cross-collateralize lending and borrowing provides exceptional flexibility and capital efficiency.

Moreover, the UTA offers trading on five different products: spot trading, margin trading, USDT perpetual, USDC perpetual, and USDC options, with additional products on the way.

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Waheedch.com. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.