Bit.com, a cryptocurrency derivatives exchange, right this moment introduced the official launch of its new skilled Unified Margin (UM) buying and selling system that may use all forex belongings for margin to commerce its full vary of merchandise. Presently, UM mode is supported on net and API (to launch on cellular app later).
With the brand new buying and selling platform, customers can commerce spot plus derivatives settled in all currencies with only one collateral forex as margin.
In comparison with the prior buying and selling system on Bit.com, the UM buying and selling system options:
- Model-new account construction with one-click migration, no fund switch is required
Within the UM mode, customers can commerce spot, margin, perpetual, futures, and choices in the identical account:
- Multi-currency margin gives larger capital effectivity
All belongings in an account are calculated in USDT with haircut ratios to unify margin for all positions:
- Mixed calculation of revenue and loss for all positions
Revenue and lack of a number of positions customers maintain will likely be mixed and offset towards one another:
- The brand new system helps borrowing for buying and selling
“Bit.com’s Unified Margin (UM) system, as an upgraded buying and selling and danger administration system launched by the alternate, provides a one-account answer to our prospects by permitting them to make the most of all belongings within the account as collateral to commerce all merchandise.”
– The Bit.com Team