Business Daily Media

Trading, Simplified: Bybit Launches Unified Trading Account, Transforming the Trading Experience for Investors

DUBAI, UNITED ARAB EMIRATES - Media OutReach - 26 January 2023 - Bybit, the third most visited cryptocurrency exchange in the world, is excited to announce the launch of its new unified trading account (UTA), allowing investors to trade across multiple markets from one account.



Bybit's UTA is an all-in-one upgrade optimized for a seamless trading experience for traders. It provides all clients with a unified margin account, which 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 quickly switch between different strategies without manually transferring assets between accounts. It also offers a clear view of risk and margin requirements.

Moreover, Bybit's UTA is an attractive option for traders thanks to features like shared margin, which allows traders to offset losses with gains without closing trades. UTA supports over 60 asset types for cross-margin trading and unrealized profits can be used to open new positions. The ability to cross-collateralize lending and borrowing within UTA offers unparalleled flexibility and capital efficiency.

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 simultaneous connection.

"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," said Ben Zhou, co-founder and CEO of Bybit.

"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."

"This is the end game for Bybit's account system," said Hao Yang, head of options at Bybit, highlighting its risk management advantage. "For instance, if you are a spot trader who bought BTC, you can buy a corresponding option to hedge your risk."

Find out more about UTA


Hashtag: #Bybit

The issuer is solely responsible for the content of this announcement.

About Bybit

Bybit is a cryptocurrency exchange established in 2018 that offers a professional platform where crypto traders can find an ultra-fast matching engine, excellent customer service and multilingual community support. Bybit is a proud partner of Formula One's reigning Constructors' and Drivers' champions, the Oracle Red Bull Racing team, esports teams NAVI, Astralis, Alliance, Made in Brazil (MIBR), and Oracle Red Bull Racing Esports, and association football (soccer) team Borussia Dortmund.

For more information please visit:

For updates, please follow:











News from Asia

Earn Rewards while Exercising | Five activities to Earn Sweat Points

HONG KONG SAR - Media OutReach Newswire - 28 November 2024 - The cashback model has gained popularity over the last decade, and Live4Well has recently enhanced this idea by introducing the VIV P...

Singapore Achieves Progress in Sustainability Reporting, Outperforming Global Benchmarks

Singapore is one of only seven countries globally where all top 100 companies report on sustainability, surpassing the global average of 79 percent.

TOJOY Participates in Malaysia Smart Nation Expo to Foster China-Malaysia (ASEAN) Business Opportunities

SINGAPORE - Media OutReach Newswire - 28 November 2024 - TOJOY Shared Smart Enterprise Services, a leading entrepreneur resource-sharing platform headquartered in China, is pleased to announce its...

2024 Data Asset Management Summit held in Shanghai

SHANGHAI, CHINA - Media OutReach Newswire - 28 November 2024 - On November 25th, 2024, the Data Asset Management Summit (DAMS2024) was held in Shanghai. It focused on key issues in the field of da...

‘Sorn’ Becomes Thailand’s First Three Michelin Star Restaurant, Marking A Historic Milestone On Both National And Global Gastronomic Maps

BANGKOK, THAILAND - Media OutReach Newswire - 28 November 2024 - Thailand's culinary community shines brighter than ever, with the announcement of the country's first recipient of the ultimat...

AI-Driven Coverage of U.S. Elections by Taiwan’s Leading Tech Media TVBS, Breaks Records with ABC’s Exclusive Content

TAIPEI, TAIWAN - Media OutReach Newswire - 20 November 2024 - As Taiwan's leading tech media powerhouse, TVBS consistently pioneers in merging advanced technology with high-quality journalism, del...

Preserving the beauty of nature: A bond that connects Lancang-Mekong countries

CHANGDU CITY, CHINA - Media OutReach Newswire - 28 November 2024 - Taking its source from the Zhaqu of Tanggula Mountain Range in northwest China's Qinghai Province, the Lancang River, running thr...

White Paper on "Hainan Tourism and Culture Brand Image Development and International Communication Strategies" Released

HAIKOU, CHINA – Media OutReach Newswire – 28 November 2024 - Department of Tourism, Culture, Radio, Television and Sports of Hainan Province, in collaboration with the News and Information Centre ...

68 per cent of Gen Zs not confident about maintaining good physical health in old age; least confident generation

Almost 1 in 2 Gen Zs are worried about mental health while 41 per cent are concerned about the ability to fund healthcare costs in old age SINGAPPORE - Media OutReach Newswire - 25 No...

Trend Micro Safeguarding Cloud Data of Healthcare AI Innovation Leader

Offering security solutions protecting all cloud platforms: AWS, Azure, and Google Cloud HONG KONG SAR - Media OutReach Newswire - 25 November 2024 - Trend Micro Incorporated (TYO: 4704; TSE: 47...

What's The Difference Between NFT And Cryptocurrency

With the rise of technology digitising all fields of life, finance has not been left behind. There has now been the development of a chance to ear...

Business Training

What You Should Know About Display Homes

Do you intend to purchase or develop a home soon? If so, you're undoubtedly seeking for builders who can turn your thoughts or dreams into reality...

Property

Dr Warren Harmer: Pugs: What they can teach us about sales

I have 2 of the cutest housemates imaginable: pugs. Ernie is a 2 year old fawn with a slightly anxious but very sweet personality. Frank is a 6 mont...

Business Training

Why Australia’s construction bust will give commercial property values a boost

With builders folding on the daily, second-hand assets are starting to look like a safe haven for property investors, notes Peter Rose, Director, ...

Property

The age of informed action is beckoning, and it is vital for business leaders to prepare

With the embers of the pandemic still very much alight in the ANZ region, hybrid work is the norm - office hours are being reshaped and data has g...

Business Training

Branding: A guide to colour

Colour Psychology Bhavani Lee an Associate Creative Director at Vista Australia has shared her insights and expertise on the psychology behind co...

Business Training