Crypto exchange Bit.com upgrades trading system to utilize all assets for margin

All collateral currency in the new unified account platform is shared as margin to improve capital utilization...

Crypto exchange Bit.com upgrades trading system to utilize all assets for margin

Bit.com, a cryptocurrency derivatives exchange, today announced the official launch of its new professional Unified Margin (UM) trading system that can use all currency assets for margin to trade its full range of products. Currently, UM mode is supported on web and API (to launch on mobile app later).

With the new trading platform, users can trade spot plus derivatives settled in all currencies with just one collateral currency as margin.

Compared to the prior trading system on Bit.com, the UM trading system features:

In the UM mode, users can trade spot, margin, perpetual, futures, and options in the same account:

All assets in an account are calculated in USDT with haircut ratios to unify margin for all positions:

Profit and loss of multiple positions users hold will be combined and offset against each other:

“Bit.com’s Unified Margin (UM) system, as an upgraded trading and risk management system launched by the exchange, offers a one-account solution to our customers by allowing them to utilize all assets in the account as collateral to trade all products.”
– The Bit.com Team