The third most visited cryptocurrency exchange in the world Bybit is announcing the launch of its new unified trading account (UTA), allowing investors to trade across multiple markets from one account.
Bybit Launches Unified Trading Account
Bybit’s UTA is an all-in-one optimized for a comfortable trading experience for traders. With a unified margin account, it makes it easier for investors to diversify their trades and orchestrate their trading strategy. With the ability to trade across instruments such as spot, futures, perpetuals, and options all from one account, traders can easily switch between different strategies without manually transferring assets between different accounts. This new upgrade also offers a clear view of risk and margin requirements.
The Benefits
It seems that Bybit’s UTA will be a very attractive option for traders thanks to features like shared margin that allows traders to offset losses with gains without even closing trades. It is worth noting that UTA supports over 60 asset types for cross-margin trading and unrealized profits can be used to open new positions.
The UTA also supports trading across five products: spot trading, margin trading, USDT perpetual, USDC perpetual and USDC options with more to come. For professional and institutional traders, the Open API option has been upgraded to Open API v5 for better precision and connection
Ben Zhou, co-founder and CEO of Bybit appointed: “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.That’s why we’ve created our unified trading account to streamline the process and enable traders to upgrade all holdings into a single account and optimize their floating P/L. The UTA, when combined with Bybit’s ultra-fast trading platform and deep liquidity, is a powerful tool for any trader looking to optimize their strategy.”
Source
blog.bybit.com
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