IBIT Unified Trading Account Introduction

What is a Unified Trading Account (UTA)?

The Unified Trading Account is a next-generation trading system introduced by IBIT for its users. It supports deposit and withdrawal operations within a single account and allows users to trade various financial products, including spot trading and perpetual contracts, using multi-currency assets. With a Unified Account, users no longer need to transfer funds between multiple accounts, and the profits and losses between different trading products can offset each other, effectively improving the user's capital utilization.

The Unified Account supports two account modes: Single-currency margin mode and Multi-currency margin mode. Both modes support full-position mode, while the Single-currency margin mode also supports isolated margin mode. In Single-currency margin full-position mode, users can share margins among derivative products with the same settlement currency, allowing profits and losses in the same settlement currency to offset each other in risk calculations. In Multi-currency margin mode, multiple currency assets can be used as margin, and the values of different currency assets are collectively converted to USD as the margin.

Account Mode	Normal Account	Unified Trading Account
Concept	In normal account mode, users are required to hold digital assets in different accounts to invest in different derivatives. If they want to trade specific derivatives, they need to transfer funds to the designated account.	The UTA supports two account modes: single-currency margin mode and multi-currency margin mode. Support the settlement of trades with the same currency and different currencies, sharing margins and offsetting profits and losses against each other.
Supportable	Different accounts only support single spot, leverage, perpetual, delivery, and options trading functions, as well as the isolated and cross margin modes for normal accounts.	In UTA mode, by switching margin modes, users can access all functions of spot, margin, perpetual, delivery, and options trading, as well as both isolated and cross margin modes for unified accounts.
Rep Platforms	Houbi, Gate, Bitget	OKX, Bybit, IBIT
Convenience	Inconvenience, users need to transfer funds between multiple accounts on the same trading platform.	Convenience, users can easily trade spot, derivatives and options with just one account
Capital Efficiency	The funds in each sub-account are used independently and need to be transferred in order to be used. The inactivity of unused money in other accounts lowers the efficiency of capital utilization.	Supporting unified account margin sharing allows for unrealized profits to be used as margin, thereby increasing capital utilization efficiency.
Security	Each account is effectively isolated from the overall account risk. However, if funds cannot be replenished in time, individual accounts are susceptible to liquidation due to market volatility.	Optimizing the risk management system with a unified account, utilizing shared margin, aids in hedging risks, reducing position risk, and enhancing safety margins.
Compatibility	The differentiation of account types, currencies, and positions not only limits trading options in derivatives but also impacts the overall strategic layout.	Both single-currency and multi-currency modes support the sharing of margin for the same or different currencies. They also support various margin modes such as isolated, cross, and composite, compatible with both long and short trading strategies.
Extensibility	The normal account mode is limited and lacks breakthroughs and expansions in functionality and innovation.	With the launch of options products, the unified account supports risk hedging in options trading, enhancing the security of contract transactions and ensuring an additional layer of security for traders in various derivative trading scenarios. In the future, more features will be developed under the UTA mode.
Summary	In the normal account mode, although accounts are independent and risk is isolated, it involves cumbersome operations, reducing capital efficiency. Trading strategies and modes are relatively fixed with limited scalability.	In the unified account mode, operations are simple and easy, offering "one-stop" account management, significantly enhancing capital utilization efficiency while reducing trading risks. It accommodates multiple trading strategies and has significant growth potential and innovation space.

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