Bybit, has launch its new unified trading account (UTA), allowing investors to trade across multiple markets from one account.
The opening of Bybit Exchange’s Unified Trading Account has been announced. Investors will be able to diversify trades across a number of markets using the UTA and a single exchange account.
The Unified Trading Account, according to the press release, is a “merged” margin account that will assist investors in trading on different markets with a variety of possibilities.
In a single account, traders can use leverage for futures, spot, and perpetual trading. Additionally, the UTA will let traders swap trading approaches without having to deal with money transfers between accounts.
Additionally, the account will give investors a margin and risk overview so they can choose a course of action before placing trades. Additionally, the contracts offered by the UTA at launch were listed in the press release.
These included USDT perpetuals, spot trading, margin trading, and additional USDC options. As the account matures, Bybit has pledged to integrate more trading products.
Shared margin, a feature of Bybit’s UTA, enables investors utilizing the account to balance losses and gains prior to closing out trades. Investors who are having problems offsetting their losses may be drawn to this option because they can easily move assets because everything will be under one account.
According to the media update, investors will have access to more than 60 asset types through the single account for cross-margin trades. Additionally, it will allow them to cross-collateralize borrowing and lending, resulting in the creation of a flexible and effective capital provision.
“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.”