• Bybit exchange has launched its Unified Trading Account (UTA) enabling investors to diversify trades across several markets in one account.
• The UTA will provide a margin and risk overview for investors, helping them determine which strategies to go with before executing trades.
• Bybit’s UTA offers more than 60 asset types for cross-margin trades and the ability to cross-collateralize borrowing and lending.
Bybit, the popular cryptocurrency exchange, has announced the launch of its Unified Trading Account (UTA). This new trading account allows investors to diversify their trades across multiple markets, all in one account on the exchange. The UTA simplifies trading for its clients and provides a margin and risk overview for investors, helping them determine which strategies to go with before executing trades.
The UTA comes with several features that make trading easier for investors. It enables investors to switch trading strategies without having to move funds from one account to the other. It also bears a feature called shared margin which allows investors to even out losses with gains before closing out trades. This is beneficial for traders who are having trouble balancing their losses, as they can now easily transfer assets since they will all be under one account.
The Unified Trading Account also offers more than 60 asset types for cross-margin trades. This means that investors can now trade multiple assets in one account, allowing them to diversify their investments. Additionally, the UTA enables investors to cross-collateralize borrowing and lending, creating a flexible and efficient trading environment.
At launch, the UTA will have a variety of contracts available, including USDT perpetuals, spot trading, margin trading and USDC options. And according to the exchange, more trading products will be added to the account as it develops.
Bybit’s Unified Trading Account is a great way for investors to access multiple markets all in one place. It offers features that make trading easier and more efficient, allowing investors to diversify their trades and make better-informed decisions.