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

Bybit Unified Trading Account.png

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.

3.png

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

hamster kombat daily cipher code.png

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

Blockchain

Explainers

ERC-7660 is a new token standard for Ethereum meme coins, currently at the stage of pre-examination approval.

2401-T16454_Skinny_Banner_for_Blog_and_Learn_Row_53_728x90.png

Skinny_Banner-1600x400.webp

 (DOGE), Elon Musk's favorite digital asset, 11 years ago, 

 have been a prominent and colorful part of the overall cryptocurrency ecosystem. Their popularity has surged in the last few years, first with the arrival of Dogecoin's archrival 

 (SHIB), and more recently with the growth of 

While meme coins can be a lot of fun and, in some cases, profitable investment, they’re also often associated with scams, 

 and obscure token distribution schemes. The proposed ERC-7660 

 (ETH) token standard and protocol is designed to support fair, equitable and transparent launches of meme coins. Introduced by the blockchain development outfit 

, ERC-7660 is probably the first structured attempt to bring standardization, better security and transparency to the 

 is a token standard for meme coins being developed for the Ethereum ecosystem by a blockchain development team, or possibly a sole developer, known as Benchmark Labs. 

It aims to make the launch and distribution of meme coins more transparent, fair, efficient and secure. This is potentially a critical development initiative — not only for Ethereum, but also for the entire blockchain industry — since meme coins are frequently associated with a variety of scams and obscure launch mechanisms.

 standard by introducing the functionality of a 

 period, which specifies a linear timed release of tokens over predefined periods controlled by the issuer. It also offers features such as prespecified token lockup periods, a sorter algorithm for optimal transaction handling, an efficient transaction fee collection mechanism and a low-cost 

As of mid-June 2024, ERC-7660 is at the stage of a proposal submitted to the Ethereum Foundation, the organization responsible for considering and approving any technical innovations or token standards for the blockchain. In late May 2024, the proposal passed its pre-examination stage, but has yet to be fully approved as a finalized token standard.

The first token launched using the ERC-7660 protocol is BENCH. Benchmark Labs introduced this token to demonstrate the features and functionalities of the new standard. So far, at least two more ERC-7660 tokens have also been launched. These are 

, the first ERC-7660 token launched after BENCH, and 

 (BABO). Naturally, being meme coins, both of these colorfully named cryptos have no specific practical utility.

ERC-7660 introduces several functionalities, among which a consensus period of a linear timed release of tokens is the fundamental improvement over existing token standards. Token issuers can specify a period — e.g., seven days, 30 days or whatever option they prefer — over which their token will be linearly released to specific 

. For instance, if the issuer specifies a release period of 10 days and plans to airdrop 1,000 tokens into your wallet, you’ll receive 100 tokens every day for 10 days. Other users receiving the tokens will also have the same linear release schedule. This linear release functionality allows token issuers to offer more predictable and transparent release schedules.

The ERC-7660 protocol also provides lockup functionality, whereby token balances can be locked over a defined period of time in order to prevent arbitrary transfers. This helps improve the security and transparency of token operations.

You can automatically launch ERC-7660 tokens without a code via the 

 functionality, and bridge them across chains easily using a 

 via the official Benchmark Labs website's 

Other useful features of the ERC-7660 standard include a sorter algorithm for efficient transaction handling, and a swap mechanism that minimizes transaction fees.

The ERC-7660 protocol allows token issuers to build communities around their tokens instead of simply launching a meme coin and expecting it to take the market by storm. Projects initiated through Fair Launch are supported by the 

 functionality, which offers its holders 

 and rewards for referrals and for completing social tasks, both of which contribute to a sense of community among token holders.

The ERC-7660 standard also offers significant improvements in transaction efficiency and costs. Its sorter algorithm optimizes the order of token operations, promoting faster, more scalable transactions. In addition, its optimized token swap model reduces the computational requirements involved in swap operations, thus helping to reduce transaction fees.

ERC-7660 is a flexible and highly customizable standard. After initial deployment, additional consensus period features, such as protocol treasuries and 

ERC-7660 is among the newer token standards hoping to join Ethereum's list of fully approved standards. Following is a list of some of the most popular and functionally important token standards underpinning the operations of the Ethereum blockchain.

ERC-20 is a fungible token standard first introduced in late 2015. It specifies rules (for creating cryptocurrencies) that power the functionality of 

 (DApps) on Ethereum. The ERC-20 standard was later extended to many other 

 (EVM)-compatible blockchain networks. ERC-7660 directly extends ERC-20’s capabilities, introducing additional features such as a timed linear release.

The main features of the ERC-20 token are fungibility, and compatibility with EVM 

. These attributes led to explosive growth in the number of DApps on Ethereum, establishing it as the leading smart contract chain and creating new crypto use cases in areas like 

Introduced in 2017, ERC-721 is Ethereum's primary standard for 

 (NFTs). While ERC-7660 and ERC-20 provide specifications for fungible cryptocurrencies only, ERC-721 defines rules for creating distinct, non-fungible assets on Ethereum. ERC-721 helped popularize the concept of NFTs in the crypto industry, with the NFT market eventually experiencing a spectacular boom in 2021. While ERC-20 helped start a DApp revolution, ERC-721 was the main catalyst for the NFT concept's growth.

The tokens standards discussed above all focus on defining rules for one type of token (fungible cryptocurrencies in the case of ERC-7660 and ERC-20, and non-fungible tokens in the case of ERC-721). However, some Ethereum applications and smart contracts require simultaneous handling of both token varieties. This is what the ERC-1155 standard is designed for: 

 is Ethereum's main multi-token standard. It specifies rules for creating smart contracts capable of handling fungible, non-fungible and semi-fungible tokens.

 is a standard for smart tokens on Ethereum. These tokens contain embedded executable programming logic, essentially making each one a standalone "mini-DApp." These smart tokens offer diverse use cases, from the creation of dynamic NFTs to interaction with Internet of Things (IoT) devices. The ERC-5169 standard radically differs from ERC-7660 and the other Ethereum standards covered above as it's the only standard capable of supporting executable logic and functionality. A relatively new standard, it was first proposed in 2022 and formally adopted in 2023.

The ERC-7660 standard has already received pre-examination approval from the Ethereum Foundation, which indicates that the token may be fully endorsed in the future, perhaps as early as this year. If fully adopted, ERC-7660 will undoubtedly become one of the most frequently utilized standards, thanks to meme coins' widespread and unrelenting popularity.

The overall support that the ERC-7660 protocol receives from Benchmark Labs is among the key factors pointing to a promising outlook for this new standard. Benchmark Labs continually supports and improves upon it, adding or optimizing features like the sorter and low-cost swap algorithms. The support that new ERC-7660 tokens are receiving from Benchmark Labs also helps foster and develop a sense of community around the standard and its protocol.

The proliferation and popularity of meme coins in the crypto world was bound to lead to more efforts at their standardization. ERC-7660 from Benchmark Labs is the first significant step in this direction. As a token standard and a protocol for launching compliant meme coins, ERC-7660 will play a key role in bringing better security, transactional efficiency and transparency to the chaotic world of meme coin assets. 

Although there are still very few ERC-7660 tokens launched, this is likely to change with the final approval of the standard by the Ethereum Foundation. Naturally, while this approval isn’t guaranteed, there are strong indicators that the Foundation appreciates the merits of the new standard, and isn't averse to fully adopting it. Soon, transparency and standardization for meme coins may no longer be unrealistic, thanks to the ERC-7660 token standard.

ERC-7660: Redefining Meme Coins With a New Benchmark

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards