Bybit’s Unified Trading Account Gains Strong Traction Among Institutional Investors

One of the top three cryptocurrency exchanges in the world by volume, Bybit, unveiled its Unified Trading Account (UTA) in 2023. This all-inclusive trading platform unites futures, options, perpetual, spot trading, and margin trading under a single account structure, improving trading flexibility and capital efficiency.

With UTA being used by 96% of Bybit’s institutional customers, this all-in-one account style is designed to be simple and unique. UTA streamlines the trading process by combining all trading wallets with one, while normal accounts demand traders to maintain separate wallets. This minimizes the margin for error that comes with handling several accounts and simplifies the trading process.

Margin throughout a trader’s range of holdings, including realized and unrealized PnL from open positions, is calculated by UTA’s portfolio margin. Traders may optimize their profits while preserving a buffer against volatility by evaluating risk across the portfolio holistically. This approach is especially helpful in a market where opportunity and risk are amplified due to its rapid price fluctuations.

Bybit manages approximately $11 billion in open interest and is among the top three cryptocurrency exchanges in the world by volume. Professional and retail traders are well-served with crypto derivatives, structured products, and passive income products, thanks to the availability of institutional third-party custody. With the help of Bybit’s UTA, traders may more effectively manage their positions by using the wide choice of instruments to adjust their trading techniques to the state of the market.

The Bybit Unified Trading Account is essentially a technological advancement in trading. It represents the platform’s dedication to provide top-tier products. Tools such as the UTA will be essential in providing traders with the knowledge and resources they need to properly negotiate the challenges of trading digital assets as the market for cryptocurrencies continues to develop.