Bitnet, one Cryptocurrency Derivatives Exchange, Today announced the official launch of its new professional unified margin (UM) trading system, which can use all currency assets for margin trading of its full range of products. Currently, the network and API support UM mode (launched on the mobile app later).
With the new trading platform, users only need one mortgage currency as a margin to trade spot and derivatives settled in all currencies.
Compared with the previous trading system on Bit.com, the UM trading system has the following characteristics:
- Brand new account structure, one-click migration, no fund transfer required
In the UM mode, users can trade spot, margin, perpetual, futures and options in the same account:
- Multi-currency margin provides higher capital efficiency
All assets in an account are calculated in USDT, and the deduction rate is used to unify the margins of all positions:
- Comprehensive calculation of the profit and loss of all positions
The profit and loss of multiple positions held by the user will cancel each other out:
- New system supports lending transactions
“Bit.com’s Unified Margin (UM) system, as an upgraded trading and risk management system launched by the exchange, provides our customers with a single account solution that allows them to use all the assets in the account as collateral to trade all products. “
– Bit.com team