Experience Unified Margin Trading With Bit.com
Minimize your risk and trade across all instruments from one account
The crypto market is highly volatile, and for one to make profits, they need to be careful and ensure they make the right decisions. One of such decisions that can significantly impact the trading journey of an individual is the use of a unified margin account.
A unified margin account is a crypto trading feature that allows users to trade across all instruments such as spot, margin, futures, perpetual swaps, and options from within one account. A good Unified Margin account coupled with a Portfolio Margin model, allows users to benefit from an industry-leading risk management system with optimized capital utilization. One of such exchanges with a Unified Margin account feature is bit.com.
Bit.com Unified Margin Trading Feature
Bit.com is a cryptocurrency exchange established in 2020 and powered by Matrixport, an integrated financial services firm headquartered in Singapore. Since its inception, it has constantly supported the perpetual, futures and options trading of BTC, ETH, and BCH, with a particular highlight being pioneers in launching BCH options.
It is dedicated to providing price discovery, trading strategy execution, and liquidity provision. It is constantly pushing the boundaries of financial product innovation by listing new and exciting tokens for our users. It is built on a state-of-the-art 10,000 TPS matching engine with less than 50 ms round trip latency.
Bit.com has launched a Unified Margin feature that allows users to optimally trade spot, margin, perpetual, futures, and options using the same account without transferring funds between multiple accounts.
As a secure, high-performance cryptocurrency exchange, the introduction of Unified Margin — a unique feature — distinguishes Bit.com from other crypto exchanges. Unified Margin (UM) is an advanced trading and risk management system that adopts a single account solution to offer spot, features, margins, perpetual, and options trading.
For Unified Margin accounts, the user’s assets in different currencies are calculated in USDT value, with predetermined haircut ratios for each currency (BTC, ETH, USDC, etc.). They are used as a margin for placing orders and holding positions for all trading products. This unique feature offers enhancements to the users’ trading experience and optimized capital utilization compared to the classic trading system.
With the Unified Margin model, users can sell a currency or trade derivatives in multiple currencies even when the available balance of the settlement currency is insufficient. In such cases, the system will complete the trade through borrowing as long as the total available balance of USDT is sufficient. Also, it supports the consolidation of positions as users will be able to consolidate and offset profit and loss across multiple positions against each other. With this model, losses in a particular position will not necessarily trigger forced liquidation, only when the overall account risk is critical.
Starting as an options exchange, Bit.com is now looking to diversify after quickly growing into the world’s second-largest options exchange. The Unified Margin Account proves bit.com’s commitment to being a high-performance cryptocurrency exchange while offering users an easy and secure trading experience.
Bit.com has experienced a significant improvement in its funding efficiency. It offers users a wide range of financial instruments to select from its Unified Margin account and provides USDT Margined Futures.
USDT margined futures are cryptocurrency derivatives that allow users to build long or short positions and earn profit from the rising/falling of the price of the underlying asset.
USDT margined futures are denominated and settled in USDT, and bit.com already supports USDT margined perpetual swaps. In addition, USDT margined futures are only available for Unified Margin Mode (UM) users but not for Classic Mode users. However, users can migrate from classic mode to Unified Margin Mode to enjoy its unique attributes.
These new updates make it easier for users to calculate pnl, offer more risk control, and are more user-friendly.
Bit.com prides itself as a leading crypto exchange due to its unique selling points as an exchange with high liquidity, 50X leverage, top-notch security, and enhanced user protection.
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