The Bybit Unified Trading Account allows you to trade multi-currency, Spot, Spot Margin, USDT and USDC Perpetuals, USDC Options and USDC Futures in a single account. Read on to find out all about its benefits.

Cryptocurrency is a revolutionary asset class that keeps evolving, and exchanges like Bybit continuously seek to provide users with better and more robust solutions. Many users typically manage multiple accounts on a trading platform. As Bybit's product line expands into 

, you might wish to unify your accounts for better trade optimization. With the Bybit Unified Trading Account, you will now be able to manage all your assets and funds in one account.

Bybit's Unified Trading Account is open for all traders and users alike to access better risk management, higher capital efficiency, 

, and enhanced flexibility. Let's take a look at how the Unified Trading Account works.

The Bybit Unified Trading Account (UTA) enables easy and efficient trading by allowing users to consolidate assets and trade multi-currency, Spot, Spot Margin, USDT and USDC 

All assets can be consolidated without transferring assets between accounts for a comprehensive range of trading products and margins using their U.S. dollar-pegged value. This means that traders can now automatically borrow different cryptocurrencies if the overall portfolio value is sufficient. For instance, even if you don't have ETH in the account, you can still settle trades in ETH – ETH liability is automatically generated, and interest is charged, if applicable.

The Unified Trading Account calculates overall risk and assets on a USD basis at an account level. Given distinct liquidity profiles, assets will be converted at different rates into USD. The USD value of your Unified Trading Account is based on the following calculation:

Total Asset Value (in USD) = Number of Assets × USD Index Price × Conversion Ratio

Your profits and losses are netted within your account and margining is determined across assets. That way, losses on a single position will only trigger liquidation if the account maintenance margin has not been met.

Advantages of Bybit Unified Trading Account

Bybit offers a range of advanced trading products, including Spot, Perpetual contracts and USDC Options, often with generous 

. The Unified Trading Account allows you to manage multiple assets across the crypto ecosystem in one portfolio.

Users can access more than 70 assets as collateral, such as USDT, USDC, BTC and ETH. These assets serve as margin collateral calculated on a total account level rather than for each position. The system automatically calculates the available margin based on the prevailing conversion rate.

Traders can transfer all accepted cryptocurrencies into a UTA and trade any currency, as long as the account has sufficient funds overall.

If you lack sufficient margin for trading, the account will trigger 

. Auto-borrowing is put into effect in several scenarios:

If any of these scenarios occurs, the system automatically processes the borrowing of the necessary asset. The borrowed amount is interest-free within a specified range. For example, assume that Trader A has BTC in his account, but no USDT. When Trader A opens a USDT Perpetual contract and generates a trading fee of 10 USDT, the system will auto-borrow 10 USDT and count it as Trader A's liability. If the borrowed amount exceeds the interest-free amount range, interest will be charged on all liabilities, and hourly interest payments will automatically be made.

The Bybit Unified Trading Account promotes the efficient use of assets in the following ways:

Risk management is particularly robust because the margin is calculated at the account level rather than on the position. Trading profits and losses will offset one another, and you can avoid risk amplification because single losses don't necessarily trigger liquidation. Further, you can apply risk management strategies across a diversified portfolio, thereby improving your risk profile. 

The Unified Trading Account also includes 

, which protects your trades by allowing you to hold both long and short positions on the same asset, thereby mitigating potential losses during market fluctuations. Meanwhile, 

 ensures that your account is protected by offsetting profits and losses, thus preventing single losses from triggering liquidation.

UTA offers three specific margin modes tailored for different levels of trading experience, as follows:

Both Isolated Margin and Cross Margin support One-way and Hedge Modes, with the Hedge Mode only applicable to USDT Perpetual contracts. Meanwhile, Portfolio Margin supports only One-way Mode. 

Who Should Use Bybit Unified Trading Account?

The Bybit Unified Trading Account is ideal for all traders, as it provides convenient one-click access to our six core trading products. Moreover, the account's functionalities are simple to use and relatively suitable for all traders, from retail spot traders to institutional traders who prefer a consolidated account.

. You can access the account via the Bybit app, website or API. The UTA comes with the benefits of a 

, offering users access to more trading assets in one account and a simplified method to trade Spot and Derivatives and manage their portfolios on Bybit.

If you’re looking for cross-asset trading and margining of Spot leverage, Perpetual contracts, USDC Options and USDC Futures, The Bybit Unified Trading Account will bring to you all of these functions with simplicity of use. What’s more, you will also get to enjoy higher capital efficiency and full portfolio visibility. So, to enjoy the flexibility and convenience of owning a single account, make sure to upgrade to a consolidated UTA today!

Beginner

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What Is Bybit Unified Trading Account and How Does It Work?

Solana has unveiled its new smartphone, the Solana Seeker, which is scheduled for a mid-2025 release and has already garnered 140,000 pre-orders.

The SPX index was up by 1.7%, reaching a new record high after a Federal Reserve rate cut of half a percentage point and optimism about a potential "soft landing" for the U.S. economy. Coindesk Indices, an index measuring broader cryptocurrency market performance was up by 1.69%, with Bitcoin and Ether rising by 5.33% and 6.07%, respectively in the past 24 hours.

Today's top performer is ALT, which surged 17.8% following AltLayer's partnership with Trestle Protocol to launch a modular rollup chain.

AltLayer (ALT), founded in 2021, is a blockchain platform that simplifies the creation and enhancement of Layer 2 rollups, addressing issues such as insufficient validators, slow Ethereum finality, and centralized sequencing. It offers a Rollup-as-a-Service feature for quick, customizable rollup deployments without coding. 

 to launch its rollup chain, utilizing Celestia's infrastructure and Arbitrum's AnyTrust technology. This collaboration highlights the potential of modularity in DeFi, aiming to enhance the ecosystem on Trestle with AltLayer's rollup infrastructure.

Check Out the Latest Prices, Charts, and Data of 

Solana has unveiled its new smartphone, the 

, which is scheduled for a mid-2025 release and has already garnered 140,000 pre-orders. With a price tag of $450—less than half of its predecessor, the Saga—the Seeker boasts upgraded features, including a premium display, better cameras, and a longer-lasting battery. Geared primarily toward crypto enthusiasts, it includes a built-in Seed Vault for secure storage and a custom software wallet. Each Seeker will also come with a Genesis NFT, offering rewards and exclusive experiences. Solana Mobile plans to refine the product through user feedback before expanding to a broader audience.

Yesterday, the total flow for BTC Spot ETFs was $158.3 million, with all of it coming from non-GBTC sources, as GBTC recorded no flow.

, an AI infrastructure company developing the first open-source Personal Intelligence Network (PIN), has launched its inaugural Galxe Quest campaign, "Introduction to PIN AI." Participants can complete simple tasks such as following on social media and joining Discord or Telegram for a chance at a potential airdrop. The campaign is live until October 2nd. PIN AI recently raised $10 million in pre-seed funding, backed by investors including A16z, Nomad, and Symbolic Capital.

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Solana Unveils Seeker Smartphone with Enhanced Features and Strong Demand

Explore our article to find out what’s the Cipher Code for today’s Hamster Kombat’s Daily Cipher Code.

Embark on a strategic quest within the world of 

 where mastering daily Morse code puzzles enhances your prowess as a crypto exchange mogul. These challenges not only hone your cognitive skills, but also unlock significant rewards to boost your in-game progress.

, presenting you with a challenge to decipher a Morse code. Successfully solving these puzzles not only bolsters your coin reserves, but also refines your strategic thinking, crucial for excelling within the game’s ecosystem.

Today’s Hamster Kombat Daily Cipher: Sep 20, 2024

 Daily Cipher for Sep 20, 2024, is as follows:

 —•••   —•— —   —•••   ••   —

Ensure each Morse code sequence is entered with precision and slight pauses between letters to confirm correct execution and secure your reward.

 by trying out the following strategies: 

Gain an early advantage by trading HMSTR tokens through Bybit’s Pre-Market Trading. To get started, you’ll first need to create a Bybit account, then fund it with cryptocurrency and navigate to the 

Today’s Daily Cipher, alongside the diverse interactive activities available in 

 offers ample opportunities to not only boost your coin balance but also deepen your engagement in the game. Each successfully decoded puzzle does more than enhance your financial resources; it also sharpens your mental acuity, enriching every session with both intellectual and monetary gains.

Stay tuned for ongoing updates and expert strategies to maintain your competitive edge in the exciting and ever-evolving world of 

Intermediate

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A Guide to Hamster Kombat's Daily Cipher Code (Sep 20, 2024)

Explore our article to find out what’s the combination for today’s Hamster Kombat’s Daily Combo Cards.

, the compelling tap-to-earn game on Telegram where strategy meets fortune. Today, we present a fresh guide to mastering the Daily Combo challenge, a critical game feature that can significantly boost your coin earnings through thoughtful card selection.

 is a pivotal daily challenge that grants players a chance to win 5 million coins by selecting the right set of three cards from diverse categories including Markets, Legal, PR & Team, Web3 and Specials. This selection is refreshed daily at 12PM UTC, ensuring the gameplay remains intriguing and rewarding.

Today’s Hamster Kombat Daily Combo: Sep 20, 2024

 today, Sep 20, 2024, choose the following cards:

Remember to check out our daily guide at 12PM UTC for the correct combination of cards in order to earn 5 million coins.

Expand your earnings with these additional strategies:

Looking to get your hands on the HMSTR token? Bybit now offers HMSTR via Pre-Market Trading. To get started, you’ll first need to create a Bybit account, then fund it with cryptocurrency and navigate to the 

remains a dynamic platform for earning coins through Daily Combos, ongoing missions, passive income opportunities and exciting mini games. The strategic selection of today’s cards — “License Japan,” “Security audition” and “Stacking” — is designed to optimize your returns. As the HMSTR token prepares for launch, engaging early with Bybit Pre-Market Trading can offer substantial strategic benefits.

Stay tuned to this page for continuous updates and expert advice to refine your gameplay and significantly enhance your coin reserves!

hamster kombat daily combo.png

A Guide to Hamster Kombat's Daily Combo Cards (Sep 20, 2024)

Bybit Learn

Altcoins

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Metaverse

Explainers

Render Network (RENDER) is a blockchain app enabling decentralized GPU power trading for various use cases like computer rendering and AI.

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 (DePINs) are two high-growth areas within the blockchain industry. The former involves decentralized protocols and apps that leverage AI algorithms and computations to enable a wide variety of use cases, while the latter refers to solutions that enable a decentralized trade in computing resources over blockchain networks.

Render Network (RENDER) is among the leading projects at the junction of these two high-growth niches. The project, which started out on 

 (SOL), enables the decentralized trade in GPU computing power to facilitate the processing of graphics rendering and AI jobs. Since the beginning of its public access era in April 2020, Render Network has been among the most popular 

 (DApps) for processing 3D graphics and animation rendering jobs. 

In 2023, the project first added to its arsenal the specialization in AI computations, and later on made a pivotal transition from Ethereum to Solana, rebranding its native token from the original Ethereum-based RNDR to the Solana-based RENDER.

 (RENDER) is a blockchain-based app that facilitates the decentralized trade in GPU power to enable a variety of use cases in computer rendering and AI niches.

 It was originally launched on the Ethereum blockchain in 2020 with the native cryptocurrency ticker RNDR. In late 2023, the project moved to the Solana blockchain and rebranded its new Solana-based native token to RENDER.

Render Network lets one type of user, Node Operators, provide their computers' idle GPU processing capacity to help another user group, Creators, process their computer rendering and AI computational jobs. By providing a 

 for GPU capacity trade, Render Network aims to make rendering and AI computations more accessible to wider segments of creators. Computer rendering is the process of transforming initial 2D graphics model specifications into visually rich 3D or 2D finalized graphics or animation outputs. 

The rendering process is computationally demanding, and often requires expensive, high-spec computer hardware. Many smaller studios and individual creators can’t afford such powerful computers, or have to overstretch their budgets to own these machines. Moreover, alternatives in the form of centralized GPU cloud rendering platforms aren't particularly flexible or affordable.

Render Network makes it possible for Creators to access the hardware resources needed for rendering jobs on a flexible and affordable per-use basis. It also helps GPU owners make their hardware capacity available over the network and earn crypto rewards in the process.

The platform launched publicly in April 2020, quickly establishing itself as the leader of the computer rendering niche in the 

 world. In 2023, Render Network added the capacity to process AI computations in addition to its core specialization — graphics rendering.

Besides being the absolute, undisputed leader of its highly specialized area — decentralized computer rendering — the Render Network project is also among the leading web3 platforms in at least three high-growth categories: DePIN, AI and the 

. A typical DePIN enabling the distributed trade in computing resources between providers and consumers, Render Network is among the top DePIN projects, with the RENDER token ranked second by market cap within the category as of Aug 13, 2024.

The Render Network project was founded in California in 2017 by OTOY Inc., a market-leading cloud rendering provider. OTOY, founded in 2008, is a major trailblazer within the rendering niche and owns the rights to 

, the world's first unbiased, spectrally accurate rendering software.

Originally launched on Ethereum, Render Network transitioned to Solana’s blockchain in late 2023 to take advantage of the latter's superior scalability and lower transaction costs. Render Network offers three pricing tiers: Tier 1 is reserved for large-scale, custom requests from enterprise clients, while Tiers 2 and 3 are available to any user. Tier 2 jobs are more expensive, but have a higher priority and offer better performance than Tier 3 tasks.

Of the network’s two main actors, Creators and Node Operators, Creators can be individuals, smaller design studios or even large Hollywood studios that need to access GPU resources to process their rendering jobs. Creators pay for accessing the hardware resources based on a tiered pricing system. 

 also function within the network by contributing staked RENDER to the 

 on partnered exchanges. Liquidity providers are crucial in allowing RENDER to be available for Render Network's unique Burn and Mint Equilibrium system (covered in a later section).

Node Operators, previously referred to as 

 nodes, make their GPU processing capacity available in exchange for rewards in RENDER tokens. Their machines must meet certain hardware capacity requirements, such as a minimum GPU and other specs. While Node Operators have some freedom in terms of job preferences, their actual job allocations are primarily determined by their reputation scores and other factors, as covered below.

A key factor involved in the decentralized trade in GPU resources on Render Network’s platform is reputation scores. Both Creators and Node Operators are assigned reputation scores based on the history of their on-platform activity. Creators with a history of reliable participation and spending have higher reputation scores, which in turn opens up opportunities to access more concurrent GPU resources and providers.

For Node Operators, reputation scores are also of critical importance. Their scores are determined based on the rate of successful job completions and each job’s complexity. More complex jobs provide a larger boost to their reputation scores. Node Operators with higher scores can then access more high-value job processing opportunities on the network.

When rendering and AI processing requests are delivered to the network, the platform uses a multi-variable system to allocate the jobs to specific GPU providers. Creator and Node Operator reputation scores are some of the variables used in the allocation process. For instance, the Creator's reputation score largely determines the "priority modifier" added to each job. This modifier signals the job's "appeal factor" to Node Operator nodes.

Besides reputation scores, other job allocation variables are the hardware requirements selected by the Creator, time on the network, pricing tier chosen and OctaneBench score (a popular benchmark for GPU rendering).

In order to standardize and quantify the amount of rendering work required, the Render Network team has developed a measure called OctaneBench. Each unit of OctaneBench denotes a standardized amount of rendering work. More powerful GPUs have higher OctaneBench scores, meaning that they can carry out more rendering work per unit of time. As such, a provider's OctaneBench score essentially signals the processing capacity of their machine.

OctaneBench scores are used to provide a standardized measure for assessing the complexity of rendering jobs. Computer rendering jobs differ substantially based on their complexity, type and duration requirements. Naturally, systems with more powerful GPUs are capable of completing the same amount of work faster than systems with lower-specification GPUs.

Render Network opens up opportunities for use cases in various spheres, including 

, product design and development, projection mapping, AI and many others. In fact, any industry or professional niche that relies on high-performance computer rendering or AI computations can benefit from Render Network's core functionality.

Perhaps the most relevant use cases for Render Network include the film and gaming industries, as well as other sectors that rely on visually rich media outputs. In the gaming and GameFi sectors, Render Network enables high-quality animations involving augmented reality (AR) and virtual reality (VR) technologies.

The platform also supports the creation and application of 

 and NFT-based gaming assets with advanced, sophisticated features, such as next-generation interactivity.

Using Render Network, artists and studios can rapidly prototype many alternative product designs with 3D features. This can significantly improve the efficiency and quality of the overall product design and development processes in creative industries.

Rendering high-resolution projections and simulations in open environments like stadiums and concert arenas requires tremendous amounts of processing power. This is where Render Network comes into the picture, with its ability to provide rendering affordably and on-scale.

 and AI-generated visual content are additional areas that benefit from Render Network's vast processing capacity. Recognizing the explosive growth in AI, Render Network has specifically added a new specialization in this area to its functional set. Essentially, through the Render Network SDK, developers can leverage the network's decentralized GPUs for various AI compute tasks.

What Is the Render Network Token (RENDER)?

Render Network’s app was originally launched on Ethereum, with the RNDR token as its native cryptocurrency. The RNDR token is based on the 

 standard, Ethereum's default standard for fungible crypto assets. In late 2023, the Render Network community voted to move the platform to Solana. Along with the move, the project issued a new native cryptocurrency, RENDER, based on Solana's SPL format. Holders of RNDR can convert their tokens to RENDER at a fixed ratio of 1:1.

RENDER is an enhanced version of RNDR, featuring an added escrow 

 functionality. This ensures that the tokens required to pay the Node Operator for a Creator's requested job are securely held in escrow until the work is confirmed.

RENDER has mostly replaced RNDR as the asset used for payments, governance and other key functions on the network. However, the RNDR token, historically popular among crypto investors, still has many holders who haven't converted their investment to RENDER. As of August 2024, centralized crypto exchanges have converted — or are in the process of converting — customers' RNDR funds to RENDER.

Major crypto data portals, including CoinGecko and CoinMarketCap, report the RENDER token's total supply at around 532 million. However, this figure largely reflects the issuance of the original Ethereum-based RNDR token. As of Aug 9, 2024, the current supply of the 

 stands at around 227 million. It’s expected to hit the total supply of 532 million once all RNDR tokens have been fully migrated to RENDER.

RENDER facilitates service fee payments on Render Network and payouts to GPU power providers, and is also distributed as rewards to liquidity providers. Creators currently have the option to pay in RENDER tokens or fiat currency to access processing capacity on the network. Node Operators are reimbursed in RENDER for renting out their machines' hardware capacity. Finally, liquidity providers are rewarded with an additional percentage of RENDER for contributing staked RENDER to liquidity pools on partnered exchanges.

 is another key functionality of the RENDER token. Holders of the token can take part in the voting process concerning any key changes and improvements to the platform. Those who hold RENDER can participate in the so-called Nation voting on the platform. Additionally, holders of the old RNDR tokens can cast their votes through an alternative mechanism called Snapshot voting. 

Given the project team's commitment to migrate all functions of RNDR to RENDER, it's likely that the Snapshot votes using RNDR will eventually be phased out completely.

In order to keep the costs of rendering and AI jobs predictable and stable for Creators, Render Network has introduced a Burn and Mint Equilibrium (BME) system for the RENDER token to determine price via a supply-and-demand equilibrium. Under the BME system, Creators pay for their jobs by converting fiat currency to RENDER using a number of distributed liquidity pools. Naturally, this conversion could lead to an uncontrolled increase in RENDER's supply as the jobs are paid for. To avoid this, additional RENDER used to pay for processing jobs are 

The RENDER token emission distribution per epoch (spanning one week) is then adjusted based on the network usage. Per epoch, Creators can be refunded a percentage of their RENDER spent that epoch in the form of RENDER, further incentivizing them to request for jobs within the network. Node operators are rewarded in two ways: availability rewards for their activity within the network, or completion rewards for successful job completion. Liquidity providers are rewarded for staking RENDER in liquidity pools on partnered exchanges.

Render Network has also implemented a net emissions cap by recycling some burned RENDER each epoch to ensure that network participants can still receive rewards in the long term, even when the supply cap for RENDER has been reached.

, with USDT. All of the trading involves the new RENDER token. By the end of July 2024, Bybit had completed its conversion of all RNDR assets and contracts to RENDER.

As of Aug 16, 2024, the RENDER token is trading at $4.53, which is 66.5% lower than its all-time high (ATH) of $13.53, achieved on Mar 17, 2024, and over 12,000% higher than its all-time low (ATL) of $0.03666, recorded on Jun 16, 2020 (as the old RNDR token).

Long-term price forecasts for RENDER are bullish.PricePrediction 

 to trade at $13.98 in 2025 and $87.29 in 2030, whileDigitalCoinPrice 

 rise to $11.70 in 2025 and $33.92 in 2030.

RENDER, both in its new format and as the old RNDR token, is a popular asset in the crypto investor community. Some consider that the token has the potential to reach levels as high as $50 or even $100. Attaining a price of $50 in a few years is quite feasible for the token, and at least one major crypto forecast portal, PricePrediction, sees the token climbing to this level by 2029. Render Network is a project full of promise and potential, and while $50 might seem challenging, it's certainly not out of the question if an investor adopts a long-term hold strategy.

The $100 level, however, is a much more challenging proposition, at least within the next five years. For RENDER to reach such heights within this time frame, the overall crypto market would need to receive a massive structural boost, in addition to Render Network maintaining its leadership roles in several market categories.

RENDER has long been considered among the most popular product-oriented cryptocurrencies to own. The project's leadership positions in several key niches — DePIN, AI and the metaverse — have always attracted the attention of investors. Within its specialized but highly lucrative area, computer rendering, the platform retains virtually unchallenged dominance.

All these factors make RENDER a darling of many institutional and retail investors. Short of any unexpected, and rather unlikely, project-specific fiasco, RENDER would fail to deliver only if the entire crypto market — including the most stable and popular crypto assets in it — also failed. Well-supported by a highly functional business model, RENDER is considered by some analysts to be one of the best cryptocurrencies to own, particularly for long-term investment.

That said, it's important to note that crypto projects can be highly volatile, and it’s recommended you 

Supported by the booming niches of AI, gaming and the metaverse, Render Network is a key crypto project at every level of the industry. By enabling more affordable, flexible and scalable rendering services, the platform is a major catalyst for the explosive growth in visually sophisticated products and services on the market.

With the addition of AI computational capacity in 2023, Render Network has further solidified its competitive position. As of 2024, few, if any, crypto projects on the market hold leading positions in as many high-growth sectors as Render Network.

What Is Render Network (RENDER): The Future of 3D Rendering

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards