Why do I use an unified account?

Under the unified trading account, assets can be transferred from the Funding Account to the Trading Account for transactions across various business lines. Trading modes include Spot Mode, Futures Mode, and Advanced Mode (Cross-Currency Margin Mode, Portfolio Margin Mode). Each trading mode supports different business lines, and you can configure them according to your trading needs.

Advantages of spot mode

The spot mode is suitable for beginner traders because this mode only supports spot trade and options buying, without involving margin-related transactions, which can help customers manage their transaction risks.

Advantages of the futures mode

The futures mode is suitable for customers with some trade experience. This mode supports five major business lines: spot, leverage, delivery, perpetual, and options.

In futures mode with cross margin, the margin in the same settlement currency will be shared across business lines, allowing for mutual offset of profits and losses.

For example: If you trade BTC perpetual futures in cross margin futures mode and also engage in BTC margin trading, both positions will be displayed side by side. Since both trades involve the same asset (BTC), they can share margin, offset profits and losses, improve margin utilization efficiency, and reduce the risk of forced liquidation.

The above is under the futures mode cross margin mode. If you choose the isolated margin mode, each position is independent, and the margin cannot be shared.

Advantages of multi-currency margin mode in advanced mode

The multi-currency margin mode is suitable for advanced spot, leverage, and futures trade customers, such as large institutions and professional market makers. To use the multi-currency margin mode, customers must have a trading account funds of at least 50,000 USD. In the cross margin mode, all assets are converted into USD and collectively serve as trade and position margin, allowing for auto borrow to enhance capital efficiency.

For example: if there are many cryptocurrencies such as BTC, ETH, and OKB in your account, and you choose the cross-currency margin - cross margin mode to trade BTC perpetual futures and ETH expiry futures, the system will convert the value of all cryptocurrencies in your account as margin. The BTC perpetual futures and ETH expiry futures you open will share the same margin, and profits and losses will offset each other.

The above describes the cross-currency margin cross margin mode. If you choose the isolated margin mode, it remains the same as before: each position is independent, and the margin is separate and cannot be shared.

Portfolio Margin Mode in Advanced Mode

In the portfolio margin cross margin mode, all symbols share the same margin, and the margin for derivatives under the same index can offset each other. Transaction profits and losses can also be offset against each other.

Important note

• In futures mode with the cross margin setting, if there is extreme market volatility and a single cryptocurrency position incurs significant losses, the entire account may lose all of that specific cryptocurrency.

• In cross-currency margin - under the cross margin mode, if there is an extreme Markets and one or more currency positions suffer significant losses, all funds in the entire account may be completely lost.

• Futures mode - isolated margin mode and Cross-Currency Margin - In isolated margin mode, the trading rules remain the same as before: each position is independent, margin is independent, and cannot be shared.

• In futures mode, under cross margin mode and cross-currency cross margin mode, when the margin level is <= 300%, the system will issue a position reduction warning to your account. Please be aware of the risk of position reduction; when the margin level is <= 100%, the system will perform liquidation on your positions. Please pay attention to your position management.