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

Memes

Explainers

Altcoins

Discover PEIPEI, the Chinese version of the viral meme, Pepe the Frog, created to fuse the vibrancy of Asian culture with the popular meme.

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 ever to grace the cryptocurrency market, and it continues to pump heavily as the bullish market conditions return. Now, there’s another version of the coin, known as PEIPEI, a twist on Pepe the Frog but with a touch of Chinese vibrancy.

Despite its quiet launch in June 2024, PeiPei has made astronomical gains, rising by over 100% in the last week of the month. While PeiPei has no affiliation with Matt Furie’s original creation, the striking resemblance has resonated heavily with meme coin lovers in the East who have turned it into a movement.

PeiPei (PEIPEI) is a fun, community-based meme coin designed around Matt Furie’s viral creation of Pepe the Frog, but with a Chinese twist.

 It was created for entertainment purposes by tapping into the meme culture of the East, which has been overshadowed by many meme coins from the West.

PeiPei pays homage to the Pepe the Frog meme, a favorite in the crypto world, by merging it with vibrant Asian pop culture.

Launched quietly in June 2024, the project has three phases toward achieving various milestones. The first one involved introducing PEIPEI into the cryptocurrency market, and then getting listed by major crypto websites such as CoinGecko, while Phase two focused on partnerships and aggressive marketing to build a community of loyal followers, a critical component of meme culture. 

The ongoing third phase entails bagging utility partnerships, incorporating 

 and getting listed on tier-one cryptocurrency exchanges. PeiPei's recent partnership with popular UFC fighter Gilbert Burns adds real-world clout to the meme coin.

PeiPei’s total supply is 420.69 trillion tokens, all of which are circulating. Transacting PEIPEI attracts zero taxes, and you won't incur additional costs when buying or selling the token.

PeiPei’s journey in the ever-changing world of meme coins has been remarkable. For starters, the token's launch didn't involve a pre-sale, and its entry was relatively low-key. However, barely a week into the market, PeiPei began mooning with a formidable rally that's typical only of meme coins.

This Chinese version of Pepe the Frog experienced a crazy price run in the week ending June 2024, during which it made over 100x its value and crossed the $100 million market cap within a week. The token’s rally continued into July 2024, when it hit an all-time high (ATH) of 0.0000003628, which is highly likely to be broken as the crypto market turns bullish.

, a sophisticated trading platform that uses i-SMART technology to help you make informed and strategic trading decisions. You’ll experience a user-friendly and flexible trading experience, since you can buy PEIPEI through the 

 blockchain networks. It’s also available on Bybit’s Derivatives terminal as a 

 wallet using the Ethereum network, switching your ETH for PEIPEI on 

While PEIPEI has turned some investors into overnight millionaires, the token is still a meme coin and is prone to extreme volatility. We highly recommend that you exercise adequate risk management and only invest what you can afford to lose.

As of Jul 18, 2024, PEIPEI has achieved a new all-time high (ATH) of $0.000000383, reflecting 5.57% rise from its previous ATH of $0.0000003628 on Jul 11, 2024, and an over 640% increase from its all-time low (ATL) of $0.00000004893 on Jun 28, 2024.

Predictions are pretty bullish on the future price of PEIPEI. According to price experts at DigitalCoinPrice, PEIPEI 

 $0.000000908 in 2025 and rise to $0.00000261 by 2030. CCN also has a bullish outlook for PEIPEI, 

 PEIPEI could reach $0.000000804 in 2025 and pump to $0.00000231 by 2030.

PeiPei has unexpectedly stormed the meme coin scene, quickly rallying through the price charts. This Chinese version of the famous Pepe the Frog has a resilient community behind it, a critical catalyst for any meme coin. PeiPei is definitely a meme coin to watch, charging through the charts as the market turns bullish. Its future prospects look bright.

PeiPei (PEIPEI): A Cultural Twist to Pepe the Frog That's Taking Over

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards