We're delighted to share that Gunbot now supports Unified Trading Account (UTA) on Bybit. As we continue to innovate and keep pace with the latest trading technologies, this new compatibility offers our users unparalleled trading possibilities! 🚀
Bybit's UTA is designed to be an all-in-one account mode, letting traders tailor their trading experience, manage risks, and handle finances - all without having to switch between different instrument accounts.
This feature is currently available in preview releases (v25) and will be included in our next stable Gunbot release.
Bybit's Unified Trading Account: A Closer Look 👀
Bybit describes their UTA as an 'all-in-one' account mode, designed to provide traders with tailored experiences. It facilitates risk management and seamless financial handling without the need for switching between various instrument accounts.
Benefits of Upgrading to UTA
- Simplified Trading: Consolidate Spot, Derivatives, and Options into one account.
- Improved Capital Efficiency: Collateralize over 70 cryptocurrencies for cross-margin trading, and open new positions with unrealized profits.
- Diversified Strategy: Choose from three margin modes - Isolated Margin, Cross Margin, and Portfolio Margin, to suit your unique trading strategies.
UTA Features at a Glance
- One-Click Access: Engage in Spot Trading, Margin Trading, USDT Perpetual, USDC Perpetual, USDC Options, and USDC Futures conveniently.
- Enhanced Capital Efficiency: Leverage up to 10x for Margin Trading on Spot and an interest-free loan quota of up to 70,000 USDT on your UTA.
- Improved Portfolio Management: Protect trading positions and minimize losses in uncertain markets with Hedge Mode, and offset profit and loss across different product positions.
- Tailored Position Modes: Choose from Isolated Margin (for beginners), Cross Margin (for experienced traders), and Portfolio Margin (for professional traders).
For more details on Bybit's UTA, check out their official page.
What Does This Mean For Gunbot Users? 🤔
For Gunbot users with existing 'normal' accounts on Bybit, nothing changes. Users with a Bybit Unified Trading Account can now fully use it with Gunbot.
Although we remain neutral about how traders can utilize this new feature, the integration of Bybit's UTA into Gunbot offers the potential for expanded capabilities and personalized trading strategies.
Importantly, this is not an endorsement of any particular strategy or feature offered by Bybit's UTA. As always, we urge you to research thoroughly, consider your own needs and trading strategies, and make informed decisions.
Stay tuned for more enhancements as we continue to innovate and evolve!