Unified account

Six key advantages of the unified account

2025-01-26 08:21125

The Bitget unified account (UTA) is a game-changer for traders, consolidating assets from multiple products into a single, streamlined account.

Designed to enhance the trading experience for everyone—from retail traders to professional institutional investors—the unified account offers quick access to all core trading products on Bitget, including spot trading, margin trading, USDT-M perpetual futures, USDC-M perpetual futures, and Coin-M perpetual futures.

This all-in-one solution simplifies the trading experience, making it more accessible and efficient for both novice and experienced traders.

Key overview:

  • The Bitget unified account is designed to simplify the trading experience for all users, providing quick access to all core trading products: spot trading, margin trading, USDT-M perpetual futures, USDC-M perpetual futures, and Coin-M perpetual futures.

  • Key benefits include enhanced capital efficiency, simplified asset management, optimized risk calculations using the maintenance margin ratio (MMR), and a seamless process for repaying borrowed assets.

Advantages of the unified account

The unified account integrates all trading tools into a single account for ease of use while delivering numerous benefits.

1. Simplified asset management:

The Bitget unified account eliminates the hassle of managing multiple accounts. All trading—whether spot, margin, or USDT-M perpetual futures, USDC-M perpetual futures, and coin-M perpetual futures—occurs seamlessly within a single account, removing the need to transfer funds between accounts for different products. This approach simplifies asset management, allowing you to focus more on your trading strategies without the distraction of managing multiple accounts.

2. Three margin modes:

Traders have different risk preferences and strategies. To meet these needs, the unified account offers three margin modes:

  • Single-asset margin mode (coming soon): Designed for traders who prefer to calculate margin separately for each position, based on the specific asset used.

  • Cross-asset margin mode (available now): Suitable for traders who prefer to use multiple cryptocurrencies as margin assets.

  • Portfolio margin mode (coming soon): Tailored for traders engaging in hedging strategies within the derivatives market.

3. Support for multiple coins as margin

The unified account allows traders to use multiple coins as margin. These assets are converted to their USD equivalent value based on the haircut rate, enabling their use for margin and futures trades. This feature eliminates the need to hold the exact settlement coin for a product, enhancing capital efficiency and providing greater flexibility in trading.

  1. Support for using unrealized profits to open positions

The unified account allows traders to open new positions using unrealized profits from existing trades. This means that even if a position remains open, its unrealized profits can still be applied to new trades, significantly improving capital efficiency. Example: User A has a balance of 3000 USDT in the unified account, along with three open USDT-M perpetual futures positions:

Quantity
Entry price
Mark price
Unrealized PnL
BTCUSDT
4
25,000
25,000
0
ETHUSDT
−20
1600
1600
0
AVAXUSDT
200
10
10
0

Currently, the USDT equity for User A to open new positions is:

Equity = balance (3000 USDT) + reserved assets (0 USDT) + unrealized PnL (0 USDT) = 3000 USDT

PnL will adjust accordingly as prices fluctuate:

Quantity
Entry price
Mark price
Unrealized PnL
BTCUSDT
4
25,000
26,000
4000
ETHUSDT
−20
1600
1650
−1000
AVAXUSDT
200
10
7
−600

Currently, the USDT equity for User A to open new positions is:

Equity = balance (3000 USDT) + reserved assets (0 USDT) + unrealized PnL (2400 USDT) = 5400 USDT

5. Optimized risk calculations

The unified account employs an optimized method to calculate and monitor account risks, leveraging the maintenance margin ratio (MMR) to provide real-time insights into potential liquidation risks.

Imagine you are a trader who is constantly monitoring potential liquidation risks. With the united account, instead of calculating risks manually, the system provides real-time insights into liquidation risks using the MMR, allowing you to make faster and more accurate decisions.

The cross-asset margin mode has two layers of risk control: Order cancellation alert and partial liquidation alert. These measures helps ensure smooth trading and protect users from liquidation due to insufficient margin.

For risk management details, refer to What is a unified account?

6. Seamless repayment of borrowed assets

The Bitget unified account streamlines the repayment of borrowed assets. With efficient auto-borrowing, users can borrow without incurring fees. The unified account also provides flexibility in selecting assets for repayment.

If you borrow USDT for trading, repayments are automated after transfers, settlements, or profits are realized. This eliminates lengthy repayment processes, allowing for quick and seamless repayment. Moreover, interest-free automatic borrowing is supported within designated limits, ensuring no additional costs.

Conclusion

The Bitget unified account is more than just a trading account—it's a comprehensive trading solution. By consolidating multiple tools and features into a single account, it provides everything you need to enhance your trading experience. Whether you are a seasoned trader or a beginner, the unified account offers powerful benefits to simplify and elevate your trading journey.