Gate's Unified Account is officially released, offering a diverse trading experience.

2023-12-11 07:07:36 UTC
75.441 views

Dear Gate users, with the rapid development of the cryptocurrency industry, Gate has been continually striving to explore methods that surpass and meet customer needs. We are delighted to announce that Gate has officially launched its next-generation trading system - the Unified Account.

Experience Now

Gate's Unified Account

The Unified Account is Gate's newest trading system. Its key feature is to remove the separation of funds in different accounts found in traditional systems. This change allows for sharing of margins across various currencies and products. Users can easily manage their funds across different trades without the need for complicated fund transfers. Also, in the Unified Account mode, profits and losses from different trades can balance each other out, leading to better use of funds.

In the Unified Account mode, spot margin trading, BTC perpetual contracts, and USDT perpetual contracts are considered as a whole, collectively defining the account net value, margin value, and maintenance margin requirements. This integrated design offers users a more convenient and efficient trading experience, while also making the flexible use of funds possible. The launch of the Unified Account marks Gate's relentless effort in trading system innovation, committed to creating a more convenient and efficient trading environment for users.

Advantages of Gate's Unified Account

Comprehensive Product Experience

Under the Unified Account system, you can directly trade a wide range of products including spot, spot margin, USDT perpetual contracts, delivery contracts, and options. This eliminates the need for frequent fund transfers between multiple accounts, making operations simple and convenient.

Higher Fund Utilization

We support over 60 assets as margin, enabling margin sharing across different business lines and offsetting profits and losses from different positions. Unrealized profits can be directly used as margin for opening new positions, maximizing fund utilization.

Improved Risk Control

Compared to the liquidation mechanism in classic accounts, the Unified Account offers a more comprehensive approach. Classic accounts might amplify losses as they don’t consider the user’s overall asset portfolio. In Gate's Unified Account, as long as the total assets in the account meet the initial and maintenance margin requirements, users can continue to open or hold positions. Even if a particular currency incurs significant losses, the user's account won’t be forcibly liquidated, providing a better risk control experience.

Differences Between the Unified Account and Classic Account

Unified Account Optional Modes

Classic Spot

This mode is suitable for spot trading. Each trade has its own independent position and margin, which cannot be shared with others. Users can independently allocate funds for each business, effectively controlling their loss range.

Cross-Currency Margin

Applicable to spot and spot margin trading, USDT perpetual contracts, delivery contracts, and options. When the collateral assets in the account are converted to USD, trading products with the same or different settlement currencies can share margin. Profits and losses can offset each other, and floating profits can be used to open new positions.

Risk Control Mechanism of Unified Account’s 'Cross-Currency Margin'

We warmly invite you to try out the Unified Account and enjoy easier and more efficient trading. If you have any questions or ideas, please don't hesitate to reach out to our customer service team. We're here to help you in any way we can.

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Gate Team
December 11th, 2023