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!

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

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Crypto Insights

Cryptocurrencies were on the rise early last week, until the release of CPI data in the U.S. added to the volatility of the equity market and the broader cryptocurrency. Bitcoin fell below $70K, while Ether and altcoins experienced a larger pullback. 

Cryptocurrencies were on the rise early last week, until the release of 

 in the U.S. added to the volatility of the equity market and the broader cryptocurrency. Bitcoin fell below $70K, while Ether and altcoins experienced a larger pullback. 

Enjoy our weekly dose of market summary below!

Inflation Worries Central Bankers Amid Rising Geopolitical Tension

This week, two new possibilities emerged in the ongoing global battle against high inflation.

First, there’s discussion that the European Central Bank (ECB) may take the bold step of implementing an interest rate cut as early as June, even if the U.S. Federal Reserve holds steady on rates. As Bank of Greece Governor Yannis Stournaras stated, "It's time to diverge. The situations in the euro area and the U.S. are completely different."

The other possibility has Wall Street bracing itself. If U.S. inflation remains stubbornly high, the Federal Reserve might do more than just delay planned interest rate cuts, and implement another rate hike. This isn’t out of the question, as robust consumer spending and business investment — coupled with easing supply chain problems — have fueled strong economic growth in the U.S., despite higher borrowing costs.

Meanwhile, in China, which has the world's second-largest economy, the economic landscape appears much grimmer. Deflationary pressures there remain a key threat to the stalled recovery. Globally, the International Monetary Fund (IMF) predicts that growth this decade will only be "marginally stronger" if inflation and debt challenges aren’t adequately addressed.

Escalating geopolitical tensions are further complicating the global economic picture. Russia's widening military assault on Ukraine's infrastructure, coupled with Ukraine's attacks on Russian oil refineries (and the risk of a regional conflict in the Middle East involving potential Iranian retaliation against Israel) have sparked increased bullish activity in the oil options market.

Q1 Earning Season Starts With Downbeat Bank Earnings

On Friday, two major U.S. banks, JPMorgan Chase & Co. and Wells Fargo, reported that net interest income, which represents the earnings they generate from lending, fell short of Wall Street analysts' expectations. At JPMorgan Chase & Co., the largest bank in the U.S., this key revenue metric declined from the previous quarter for the first time in nearly three years. This news caused JPMorgan's stock price to tumble more than at any time since 2020.

With persistent high inflation in the U.S. making it more likely that the Federal Reserve will have to delay cutting interest rates, investors were hoping to hear how this might further boost the banks' lending revenue. However, banking executives instead focused on discussing ways in which depositors are seeking higher returns on their savings. At Wells Fargo, non-interest bearing deposits, which don’t pay interest to customers, dropped 18% year-over-year. In contrast, interest-bearing deposits that do pay customers jumped.

The weaker-than-expected net interest income results from these two major banks suggest they’re facing challenges in the current economic environment of high inflation, and the likelihood of prolonged interest rate hikes by the Fed.

The past week has seen another weekly outflow for all of the Bitcoin Spot ETFs traded in the U.S. The outflows on Grayscale show no signs of a slowdown, which may continue to strain the price movement of the largest cryptocurrency.

AltLayer Surges After Launching MACH AVS on Testnet

, founded in 2021, offers a blockchain platform focused on enhancing 

 rollups, enabling easy deployment without coding. It tackles issues such as limited validators, slow Ethereum finality and centralized sequencing, aiming to streamline and secure rollup processes. 

AltLayer's MACH AVS, designed to provide fast finality for transactions on Optimism’s 

 and ALT tokens for testing. Aimed at enhancing rollup validation, MACH prepares for mainnet launch with features such as rapid confirmations, security and decentralized validation. Users can restake tokens and delegate to MACH, following a specific guide, with a focus on single-operator delegation and asset redelegation processes.

TON Jumps After Announcing $5 Million Incentive and Smartphone Partnership

 (TON), launched in 2018, is a decentralized 

 (PoS) consensus model for transaction validation and payment settlement. Initially known as Gram, Toncoin serves various purposes, including paying transaction fees within the TON ecosystem. TON is offering $5 million in Toncoin tokens for users who verify their identity with palm scanning technology, aiming to enhance digital identity verification and 

 integration for Telegram users. This initiative, part of a broader effort to boost user and developer engagement, includes robust privacy and security measures, complementing TON's community rewards and the launch of a monetised Telegram Ad platform.

 unveiled the Universal Basic Smartphone (UBS) at the 2024 Hong Kong Web3 Carnival. The UBS is a blockchain-integrated mobile device designed to promote digital equity through the TON ecosystem. Aimed at addressing the lack of smartphone access among 49% of the global population, the UBS emphasizes user privacy, rewarding data sharing with Web 2.0 cashback and web3 token rewards. 

With a pre-sale price of $99.99 (plus a $30 shipping fee), the phone requires a 

 address for purchase, though details on shipping and restrictions have yet to be clarified. Each UBS purchase includes a Genesis NFT, opportunities for daily data dividends, up to 30% cashback at over 14,000 stores, and crypto cashback on trading and gas fees. Additionally, it features the Universal DApp Store with access to over 600 TON ecosystem DApps, and comes pre-loaded with the Universal App Suite, including the OysterEarn app for further rewards, positioning the UBS as a pivotal tool in bridging the digital divide and seamlessly integrating users into the digital economy.

ONDO Rises Following Testing BUIDL and USDC Conversion Feature

 platform that blends traditional finance with 

 to provide fixed-yield loans backed by crypto assets, targeting a diverse investor base with varying risk appetites. Ondo’s price increased by 8% after testing a new feature enabling instant conversions between BlackRock’s BUIDL token and 

. The test involved a $250,000 transaction and showcased the feature's ability for 24/7 redemptions. This follows BlackRock’s entry into asset tokenization, with the BUIDL token offering daily blockchain-based yields backed by U.S. Treasury securities.

Participants of ‘Road to Mainnet’ Galxe Campaign Can Mint NFTs Entitling Them to Upcoming Airdrop

 Galxe campaign will soon be able to mint limited-edition utility NFTs, which are poised to offer significant value on the 

. There are four types of NFTs, each with different rarity levels, and the rarer the NFT, the larger the boost to the holder's Mainnet airdrop reward. Those who have completed all four stages of the campaign should prepare to mint their NFTs in the coming days on Polygon.

Cashmere Uses Goat Points to Rewards Users

 has launched Season 1 Goat Points, rewarding users based on their testnet app transactions, NFT holdings and overall blockchain activity. Points range from 100 to 2,000, based on the total number of transactions, with additional points for testnet and Mainnet NFT holders. Factors such as transaction count, wallet age and ETH balance further influence rewards, with anti-

 measures in place. Future seasons will offer new opportunities for earning points. Claiming is available through the Cashmere exchange website.

OMNI Offers Airdrop up to 3% of Total Supply 

 Foundation is offering an airdrop of 3% of the total $OMNI supply, amounting to 3 million tokens. To check eligibility, users need to connect their Ethereum and Cosmos wallets to the provided link and verify their status. The claims process will begin at a later date. Eligibility for the airdrop includes early testnet users, Galxe 

, the top 10,000 EigenLayer restakers and the first 5,000 Ethereum 

 solo stakers, as well as holders of specific NFTs from Milady Maker, Redacted Remilio Babies, 

 and the Ninja series, as well as participants from 25 strategic partner protocols.

Stay tuned for more institutional insights and crypto updates next week!

Weekly Institutional Insights — Crypto Falls as Red-Hot Inflation Might Delay Rate Cut, and BlackRock’s BUIDL Sees More Integration

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards