Unified Account
All-in-one, exploring more trading possibilities
- Explore multiple trading types with one account.
- Margin sharing, greater capital efficiency.
- Hedge risks and allow to open new positions with unrealized profits.
Difference between the Unified Account and the Classic Account
Unified Account
Shared Margin
Experience more trading types with margin sharing in one account. No need to transfer funds.
Risk Hedging
Hedge various risks on the level of the entire portfolio and PNL are offset, thus reducing the margin adjustment operations in a volatile market.
Classic Account
Isolated Assets
Separate accounts for different trading types, isolating funds and risks from each other, but you need to manage your own trading portfolio.
Isolated Risk
With isolated trading types, the risk on one account is limited to the specific account only. One account’s loss won’t have a ripple effect on others.
Strengths of Unified Account
One-stop experience of multiple trading types
You can directly trade Spot, Spot Margin Trading, USDT Perpetual Futures, Delivery Futures, and Options under the Unified Account and avoid frequent funds transfer among different accounts.
Greater capital efficiency
60+ coins are supported to be collateralized. With margin sharing and PNL offset among different trading types, unrealized profits can be used to open new positions, which greatly enhances the capital efficiency.
A better risk control mechanism
Liquidation in Classic Account can lead to greater losses as risks are not hedged over the entire portfolio; whereas for Unified Account, as long as the Account Initial Margin Level and Account Maintenance Margin Level meet certain requirements, you can continue to open/hold positions. Your account will not be liquidated easily even if you have suffered great losses in one specific market.
Unified Account Mode Settings
Classic Spot Mode
- Spot Trading
- Isolated positions and margin.
- Fully control over asset allocation for different businesses. Profit and loss in one account will not have a ripple effect on another.
Multi-Currency Margin Mode
- Spot Trading and Spot Margin Trading
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USDT Perpetual, Delivery Futures
Delivery Futures is currently not supported. Coming soon!
Delivery Futures is currently not supported. Coming soon!
- Options
- Simple Earn
- Share margin in USD value among different trading types.
- PNL are offset and allow to open new positions with unrealized profits.
Portfolio Margin Mode
- Spot Trading and Spot Margin Trading
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USDT Perpetual, Delivery Futures
Delivery Futures is currently not supported. Coming soon!
Delivery Futures is currently not supported. Coming soon!
- Options
- Fully hedge risks for all positions of the underlying crypto and only require margin for the naked exposure.
- PNL are offset and allow to open new positions with unrealized profits.
Unified Account - Spot Margin Trading
「Spot Margin Trading」is to conduct margin trading in spot markets, which is only supported in the Unified Account. Once you have enabled Spot Margin Trading, assets in the Unified Account can be pledged as margin.
When you place an order in spot markets, the system will auto-borrow funds you need. In this way, you have the potential to earn high reward with a small amount of investment.
Assets in the Unified Account can be pledged as margin. Buy or sell coins with a leverage up to 3x in spot markets.
Risk Control Mechanism for Unified Account - Multi-Currency Margin Mode
Multi-Currency Margin Mode
Spot/Margin Trading
Spot Trading
Spot Margin Trading
Derivatives
Perpetual Futures
Options
Calculate margin over the entire account and share margin among different trading types.
Liquidation is triggered when the Account Maintenance Margin Level hits 100%.
| Liquidation - Multi-Currency Margin Mode | Liquidation - Classic Account (Futures) |
|---|---|
| All assets' value in the Unified Account will be converted to USD value to calculate the Account Initial Margin Level (AIML) and Account Maintenance Margin Level (AMML). | Calculate the liquidation price based on position initial margin, maintenance margin and available balance. |
| When the Maintenance Margin Level reaches 100%, part of positions will be liquidated to release more margin and liquidation will immediately stop once the Account Maintenance Margin Level is above 100%. | When the mark price reaches the liquidation price, all positions will be liquidated. |
Get Started with Unified Account
Understand Unified Account in 3 minutes and explore more trading strategies.
Try NowFAQ
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What are the requirements to be a Unified Account user?
Your VIP tier should be 3 or above and your spot assets should be at least 1,000 USD.
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How many account modes are there in Unified Account?
There are three account modes in Unified Account: Classic Spot Mode, Multi-Currency Margin Mode, and Portfolio Margin Mode.
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What is Auto Borrow?
Auto Borrow is only accessible after you upgrade to the Unified Account. Enable 「Auto Borrow」on the spot trading page and the system will auto-borrow the funds you need. Interest is calculated and deducted at the start of the next hour after you successfully borrowed funds.
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What are the liabilities in Unified Account?
Liabilities in Unified Account include: Spot Borrowed, negative balance caused by interest deduction (due to insufficient balance), Futures Unrealized PNL.
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How to calculate the interest?
Interest = Principal * Hourly Borrowing Rate (1+18%). Interest is calculated and deducted at the start of the very next hour after you successfully borrow funds. If you have repaid your loans before the hourly interest settlement, no interest will be charged.
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How to repay liabilities in Unified Account?
For now, you can only repay the Spot Borrowed manually. The auto-repayment function is not available yet. Stay tuned.
For negative balance caused by interest deduction or futures losses, your liabilities can be auto-repaid by transferring in or buying corresponding coins.
