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)

Bybit Learn

DeFi

Explainers

Altcoins

Bitcoin

Flash Protocol (FLASH) bridges Bitcoin and DeFi with Taproot, enabling fast and cost-effective issuance, management, and liquidity applications for native Bitcoin assets.

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 (BTC) underwent a crucial update called 

. One of the most notable updates in Bitcoin's history, Taproot made it possible to batch together multiple Bitcoin transactions and signatures, significantly improving the efficiency and speed of the on-chain validation process. Thanks to batching together multiple signatures, Taproot also made Bitcoin a more private environment. The efficiency and privacy gains, in turn, opened up opportunities for new use cases on the Bitcoin network, including in the area of 

Flash Protocol (FLASH), one of the projects aiming to leverage the opportunities created by Bitcoin Taproot, supports the issuance, management and liquidity applications for native Bitcoin assets. It's one of the most innovative projects dedicated to Bitcoin DeFi, or BTCFi, as it's customarily known.

The project's decentralized protocol allows you not only to issue and own native Taproot assets but also to use them in various asset liquidity applications. Thanks to Flash, Bitcoin native assets are no longer limited to simple transfers and value storage.

 (FLASH) is a blockchain platform that facilitates the issuance and management of native Bitcoin assets of both fungible and non-fungible varieties at high transaction speed and low cost.

 Taking advantage of Bitcoin's Taproot update, Flash Protocol introduces new use cases for digital assets native to Bitcoin, including BTCFi, a newly developing niche of DeFi applications for the Bitcoin ecosystem.

The Flash Protocol team has announced the key components of its platform, the Bitcoin-linked Flash Chain and the computational engine that powers it, FlashVM. The project launched its native token, FLASH, on its crowdfunding platform, BTC Angel Hub, on March 29, 2024.

Based on the information provided by the protocol, Flash Chain will operate as a network that facilitates the minting, transfers and use of native Bitcoin assets, both 

 (NFTs) and fungible crypto tokens. Notably, the Flash Protocol focuses on 

, which use MAST (Merklized Abstract Syntax Trees) to enable 

 and Schnorr signatures that facilitate efficiency, scalability and privacy. This focus is crucial in empowering Bitcoin to overtake Ethereum as the smart contract chain of choice, since the more popular development of 

 has resulted in network congestion on Bitcoin with the influx of 

The platform's ecosystem will feature the first NFT mint protocol for Taproot assets, an 

 — one of Bitcoin's most popular scalability solutions.

At the core of Flash Protocol are its decentralized network, 

FlashVM is a smart contract–capable engine that powers the functionality of Flash Chain and acts as a bridge between Bitcoin and Flash Chain to facilitate a Bitcoin-native ecosystem. Thanks to its ability to support smart contracts, FlashVM will open up avenues for using protocol-based assets in DeFi solutions, extending their functions beyond simple transfers and storage. In general, the smart contracts are executed 

 on the Flash Chain, with the computations only published on-chain on Bitcoin itself in the event of a dispute.

FlashVM is structured into two layers — the Settlement Layer and Validator/Sequencer Layer. The Settlement Layer leverages Bitcoin's robust security and finality, creating a secure bridge between Bitcoin and Flash Chain using technologies like Bridge Script, MAST and threshold signatures. Below this, the Validator/Sequencer Layer handles transaction computation and indexing, in which Flash Nodes process transactions and generate execution traces, and validators work with coordinators to prove transactions. This layer is crucial for FlashVM's 

 chain that enables BTCFi operations and manages Taproot assets. Since FlashVM is built into the Flash Chain, users can freely create smart contracts on the Flash Chain by staking FLASH tokens, which could lead to a proliferation of BTCFi applications.

The primary functions supported by Flash Chain will include:

To start using the Flash’s services, you'll first need to connect one of the supported wallets — OneKey, Wallet of Satoshi, Phoenix or Alby. You'll also need some 

 loaded into the wallet via Lightning Network to have enough funds for a small initial deposit.

After depositing a small amount in satoshis (e.g., 1,000 satoshis, which is equal to 0.00001 BTC) via Lightning Network, you’ll be able to start using the protocol’s user interface where all the main functions are conveniently listed. Simply select the 

 tab on the interface if you'd like to mint your custom fungible asset.

Flash Protocol offers a way to mint Taproot NFTs, which are tamperproof thanks to Bitcoin's security. The project's documentation specifies a procedure that allows you to mint an NFT by selecting one of the many pre-made designs. It's possible that, in the future, the protocol will introduce the functionality to mint an NFT based on your own artwork.

BTC Angel Hub is Flash Protocol's crypto crowdfunding platform, focusing on 

 (AI) and meme coin projects. Operators looking for funding can list their projects on the platform after the protocol's team reviews and accepts their applications. Those looking to support Taproot-focused initiatives can review the details of the projects listed on the hub.

Accessible via a tab on the platform's main interface, Flash Protocol’s Explorer will allow you to view details of all transactions processed by the protocol. Data on deposits, incoming and outgoing transfers, fungible and non-fungible asset issuance and more will be available via the explorer.

The protocol's ecosystem will include two crypto assets: FLASH and FLAI. The former is the platform's main native crypto.

 token with a maximum supply of 10 billion and total supply of 825 million, with cyclical burn and rebase mechanisms. This 

 token is designed to function as Flash Chain’s native crypto, facilitating the payment of network transaction fees. A portion of transaction fees will be distributed to FLASH token holders. FLASH will also be used to reward validator nodes for securing network operations, as well as for governance. Token holders will be a part of the Flash Protocol 

, and will have to stake their tokens to vote on proposals. Voting power will be proportional to the total amount of tokens staked.

, which comprises 1.5% of its supply, was split into three parts — the Zealy campaign, the Pilot NFT campaign and an airdrop for Elfin Land minters. It concluded at the end of March 2024, with the airdrop supply fully distributed on the day of the token launch. Its maximum supply is being distributed as follows:

The protocol's second crypto asset, FLAI, is an ERC-20 token that can be minted as an 

. The protocol's team announced in March 2024 that FLAI will be 

–exchangeable with FLASH tokens, indicating that the token's main use will be within certain BTCFi applications powered by the platform.

Many traders dream of using their Bitcoin in DeFi. At the same time, few platforms support truly multi-functional, full-scale BTCFi applications. Flash Protocol is among the pioneers in this area, with interesting offerings such as NFT and fungible asset issuance, DEX trading and a liquidity marketplace. Using the opportunities presented by Bitcoin's Taproot update, Flash Protocol promises a completely new world for investors, traders and NFT enthusiasts.

All that remains now is for the protocol to launch in full-scale, public mode so that members of the Bitcoin community can make their choices. Will Flash Protocol have as much impact on the world of Bitcoin as 

 or BRC-20 tokens have had? Possibly. Right now, the innovations and services promised by the protocol's team look very impressive. Let's see how much of this potential will be realized when Flash Chain is unveiled.

Flash Protocol (FLASH): Bridging Bitcoin and DeFi With Taproot

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards