The Bybit Unified Trading Account allows you to trade multi-currency, Spot, Spot Margin, USDT and USDC Perpetuals, USDC Options and USDC Futures in a single account. Read on to find out all about its benefits.

Cryptocurrency is a revolutionary asset class that keeps evolving, and exchanges like Bybit continuously seek to provide users with better and more robust solutions. Many users typically manage multiple accounts on a trading platform. As Bybit's product line expands into 

, you might wish to unify your accounts for better trade optimization. With the Bybit Unified Trading Account, you will now be able to manage all your assets and funds in one account.

Bybit's Unified Trading Account is open for all traders and users alike to access better risk management, higher capital efficiency, 

, and enhanced flexibility. Let's take a look at how the Unified Trading Account works.

The Bybit Unified Trading Account (UTA) enables easy and efficient trading by allowing users to consolidate assets and trade multi-currency, Spot, Spot Margin, USDT and USDC 

All assets can be consolidated without transferring assets between accounts for a comprehensive range of trading products and margins using their U.S. dollar-pegged value. This means that traders can now automatically borrow different cryptocurrencies if the overall portfolio value is sufficient. For instance, even if you don't have ETH in the account, you can still settle trades in ETH – ETH liability is automatically generated, and interest is charged, if applicable.

The Unified Trading Account calculates overall risk and assets on a USD basis at an account level. Given distinct liquidity profiles, assets will be converted at different rates into USD. The USD value of your Unified Trading Account is based on the following calculation:

Total Asset Value (in USD) = Number of Assets × USD Index Price × Conversion Ratio

Your profits and losses are netted within your account and margining is determined across assets. That way, losses on a single position will only trigger liquidation if the account maintenance margin has not been met.

Advantages of Bybit Unified Trading Account

Bybit offers a range of advanced trading products, including Spot, Perpetual contracts and USDC Options, often with generous 

. The Unified Trading Account allows you to manage multiple assets across the crypto ecosystem in one portfolio.

Users can access more than 70 assets as collateral, such as USDT, USDC, BTC and ETH. These assets serve as margin collateral calculated on a total account level rather than for each position. The system automatically calculates the available margin based on the prevailing conversion rate.

Traders can transfer all accepted cryptocurrencies into a UTA and trade any currency, as long as the account has sufficient funds overall.

If you lack sufficient margin for trading, the account will trigger 

. Auto-borrowing is put into effect in several scenarios:

If any of these scenarios occurs, the system automatically processes the borrowing of the necessary asset. The borrowed amount is interest-free within a specified range. For example, assume that Trader A has BTC in his account, but no USDT. When Trader A opens a USDT Perpetual contract and generates a trading fee of 10 USDT, the system will auto-borrow 10 USDT and count it as Trader A's liability. If the borrowed amount exceeds the interest-free amount range, interest will be charged on all liabilities, and hourly interest payments will automatically be made.

The Bybit Unified Trading Account promotes the efficient use of assets in the following ways:

Risk management is particularly robust because the margin is calculated at the account level rather than on the position. Trading profits and losses will offset one another, and you can avoid risk amplification because single losses don't necessarily trigger liquidation. Further, you can apply risk management strategies across a diversified portfolio, thereby improving your risk profile. 

The Unified Trading Account also includes 

, which protects your trades by allowing you to hold both long and short positions on the same asset, thereby mitigating potential losses during market fluctuations. Meanwhile, 

 ensures that your account is protected by offsetting profits and losses, thus preventing single losses from triggering liquidation.

UTA offers three specific margin modes tailored for different levels of trading experience, as follows:

Both Isolated Margin and Cross Margin support One-way and Hedge Modes, with the Hedge Mode only applicable to USDT Perpetual contracts. Meanwhile, Portfolio Margin supports only One-way Mode. 

Who Should Use Bybit Unified Trading Account?

The Bybit Unified Trading Account is ideal for all traders, as it provides convenient one-click access to our six core trading products. Moreover, the account's functionalities are simple to use and relatively suitable for all traders, from retail spot traders to institutional traders who prefer a consolidated account.

. You can access the account via the Bybit app, website or API. The UTA comes with the benefits of a 

, offering users access to more trading assets in one account and a simplified method to trade Spot and Derivatives and manage their portfolios on Bybit.

If you’re looking for cross-asset trading and margining of Spot leverage, Perpetual contracts, USDC Options and USDC Futures, The Bybit Unified Trading Account will bring to you all of these functions with simplicity of use. What’s more, you will also get to enjoy higher capital efficiency and full portfolio visibility. So, to enjoy the flexibility and convenience of owning a single account, make sure to upgrade to a consolidated UTA today!

Beginner

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What Is Bybit Unified Trading Account and How Does It Work?

Solana has unveiled its new smartphone, the Solana Seeker, which is scheduled for a mid-2025 release and has already garnered 140,000 pre-orders.

The SPX index was up by 1.7%, reaching a new record high after a Federal Reserve rate cut of half a percentage point and optimism about a potential "soft landing" for the U.S. economy. Coindesk Indices, an index measuring broader cryptocurrency market performance was up by 1.69%, with Bitcoin and Ether rising by 5.33% and 6.07%, respectively in the past 24 hours.

Today's top performer is ALT, which surged 17.8% following AltLayer's partnership with Trestle Protocol to launch a modular rollup chain.

AltLayer (ALT), founded in 2021, is a blockchain platform that simplifies the creation and enhancement of Layer 2 rollups, addressing issues such as insufficient validators, slow Ethereum finality, and centralized sequencing. It offers a Rollup-as-a-Service feature for quick, customizable rollup deployments without coding. 

 to launch its rollup chain, utilizing Celestia's infrastructure and Arbitrum's AnyTrust technology. This collaboration highlights the potential of modularity in DeFi, aiming to enhance the ecosystem on Trestle with AltLayer's rollup infrastructure.

Check Out the Latest Prices, Charts, and Data of 

Solana has unveiled its new smartphone, the 

, which is scheduled for a mid-2025 release and has already garnered 140,000 pre-orders. With a price tag of $450—less than half of its predecessor, the Saga—the Seeker boasts upgraded features, including a premium display, better cameras, and a longer-lasting battery. Geared primarily toward crypto enthusiasts, it includes a built-in Seed Vault for secure storage and a custom software wallet. Each Seeker will also come with a Genesis NFT, offering rewards and exclusive experiences. Solana Mobile plans to refine the product through user feedback before expanding to a broader audience.

Yesterday, the total flow for BTC Spot ETFs was $158.3 million, with all of it coming from non-GBTC sources, as GBTC recorded no flow.

, an AI infrastructure company developing the first open-source Personal Intelligence Network (PIN), has launched its inaugural Galxe Quest campaign, "Introduction to PIN AI." Participants can complete simple tasks such as following on social media and joining Discord or Telegram for a chance at a potential airdrop. The campaign is live until October 2nd. PIN AI recently raised $10 million in pre-seed funding, backed by investors including A16z, Nomad, and Symbolic Capital.

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Solana Unveils Seeker Smartphone with Enhanced Features and Strong Demand

Explore our article to find out what’s the Cipher Code for today’s Hamster Kombat’s Daily Cipher Code.

Embark on a strategic quest within the world of 

 where mastering daily Morse code puzzles enhances your prowess as a crypto exchange mogul. These challenges not only hone your cognitive skills, but also unlock significant rewards to boost your in-game progress.

, presenting you with a challenge to decipher a Morse code. Successfully solving these puzzles not only bolsters your coin reserves, but also refines your strategic thinking, crucial for excelling within the game’s ecosystem.

Today’s Hamster Kombat Daily Cipher: Sep 20, 2024

 Daily Cipher for Sep 20, 2024, is as follows:

 —•••   —•— —   —•••   ••   —

Ensure each Morse code sequence is entered with precision and slight pauses between letters to confirm correct execution and secure your reward.

 by trying out the following strategies: 

Gain an early advantage by trading HMSTR tokens through Bybit’s Pre-Market Trading. To get started, you’ll first need to create a Bybit account, then fund it with cryptocurrency and navigate to the 

Today’s Daily Cipher, alongside the diverse interactive activities available in 

 offers ample opportunities to not only boost your coin balance but also deepen your engagement in the game. Each successfully decoded puzzle does more than enhance your financial resources; it also sharpens your mental acuity, enriching every session with both intellectual and monetary gains.

Stay tuned for ongoing updates and expert strategies to maintain your competitive edge in the exciting and ever-evolving world of 

Intermediate

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A Guide to Hamster Kombat's Daily Cipher Code (Sep 20, 2024)

Explore our article to find out what’s the combination for today’s Hamster Kombat’s Daily Combo Cards.

, the compelling tap-to-earn game on Telegram where strategy meets fortune. Today, we present a fresh guide to mastering the Daily Combo challenge, a critical game feature that can significantly boost your coin earnings through thoughtful card selection.

 is a pivotal daily challenge that grants players a chance to win 5 million coins by selecting the right set of three cards from diverse categories including Markets, Legal, PR & Team, Web3 and Specials. This selection is refreshed daily at 12PM UTC, ensuring the gameplay remains intriguing and rewarding.

Today’s Hamster Kombat Daily Combo: Sep 20, 2024

 today, Sep 20, 2024, choose the following cards:

Remember to check out our daily guide at 12PM UTC for the correct combination of cards in order to earn 5 million coins.

Expand your earnings with these additional strategies:

Looking to get your hands on the HMSTR token? Bybit now offers HMSTR via Pre-Market Trading. To get started, you’ll first need to create a Bybit account, then fund it with cryptocurrency and navigate to the 

remains a dynamic platform for earning coins through Daily Combos, ongoing missions, passive income opportunities and exciting mini games. The strategic selection of today’s cards — “License Japan,” “Security audition” and “Stacking” — is designed to optimize your returns. As the HMSTR token prepares for launch, engaging early with Bybit Pre-Market Trading can offer substantial strategic benefits.

Stay tuned to this page for continuous updates and expert advice to refine your gameplay and significantly enhance your coin reserves!

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A Guide to Hamster Kombat's Daily Combo Cards (Sep 20, 2024)

Altcoins

Chainlink looks like it has a promising future. Bybit Learn looks at the possibilities ahead for this cryptocurrency.

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Many people wonder what the Chainlink crypto future looks like, given that Chainlink is now in-demand for Ethereum infrastructure development. The decentralized oracle project Chainlink was also one of the big winners in the year 2019 and 2020 crypto-economy, particularly in terms of network adoption, partnerships, and price action. With all the positive feedback and optimal prospects of Chainlink, it’s only natural traders and investors alike start questioning how high the price of Chainlink crypto can go in the coming years?

The Chainlink price is predicted to experience a bullish trend, sustaining over $23 in 2021 and paving the way for an eventual run up to $60 in 5 years, according to 

. As oracle projects rise in popularity and demand, Chainlink crypto is one of the earliest movers to make impressive headway in the crypto arena.

Chainlink is a decentralized oracle network whose focus is on providing real-world data to 

 on the blockchain. It features its native token (LINK), and it’s widely used to pay for services on the network.

Chainlink crypto is unique in its working model as it serves as a middleman in a decentralized environment. Unlike many other blockchains’ projects, its model focuses on creating smart contracts for the public beyond the crypto bubble.

Basically, it is a decentralized network of nodes that provide data and information from off-blockchain sources to on-blockchain smart contracts via 

. It achieves this by registering this request as an ‘event’ and creating a corresponding smart contract via the Chainlink protocol.

All Chainlink node operators use LINK to stake in the network, and node operators need to deposit LINK with Chainlink to demonstrate their commitment to the network and incentivize good services. As a result, it creates a closed economy and guarantees the liquidity of the Chainlink crypto.

The Retrospective: Chainlink Growth and Projections

The year 2017 marked a strong year for the crypto market, with many altcoins undergoing tremendous pricing surges. And LINK was no exception. 

However, Chainlink’s prices were followed by a brief correction – one that many cryptocurrencies couldn’t recover from the crisis. Fortunately, Chainlink rebounded, and 2020 became one of the best years for the LINK tokens. 

 at the beginning of 2020. But the price soared to its all-time high in August 2020 with a recorded price of $19.85. With a whopping of over 700% increased in price, this was considered a significant achievement for Chainlink.

LINK reached its peak in August 2020, with an all-time high of $19.85. This development coincided with Chainlink’s release on the Ethereum manner. The token’s price was then followed by another surge in November, reaching $16.49, according to 

. During the boom of altcoin season, Chainlink once again soared to its all-time high surpassing the $36 mark following the Bitcoin and altcoin bull run.

After the crypto market deflated following the 

, LINK followed in the footsteps of many altcoins and lost a significant portion of its value. It reached its lowest point in March 2020, when it was trading at $1.97. After its all-time high of $36 in February 2021, it has stabilized in price since. At the time of writing (late March 2021), it was around the $27 mark.

Why Should Anyone Invest in Chainlink Crypto?

Many traders, investors, and crypto exchanges are aligned when it comes to the prospect of Chainlink. Ultimately, we all can agree that Chainlink is a good investment, and it’s not just for its promising long term price performance that shows a curve steadily rising upwards.

Though, there’s no shortcut to tell if LINK will continue to climb. However, 

 suggested it may. That’s in combination with heavyweight partnerships, a large treasury of reserve funds, and an in-demand service that makes Chainlink (LINK) well-poised to handle any challenges that may crop up in time.

Furthermore, Chainlink is an Oracle, and they are notoriously difficult to build and 

. And it is also the first to announce the launch on the Ethereums 

. Following the announcement, the blockchain Oracle system’s attention spiked, bringing the Chainlink price with it. 

These factors have increased the use of Chainlink protocol in the 

) sector, thereby boosting LINK’s adoption.

What Is Revolving Around Chainlink Crypto in 2020?

, Chainlink moved forward with announcements of a partnership with Blockstack to integrate the Algorand-supported 

Blockstack is an open-source developer network for creating Decentralized Apps (DApps) and smart contracts. It uses Bitcoin’s 

 to allow users to secure smart contracts thanks to Clarity. In conjunction, Chainlink can also host it on a singular decentralized network maintained by developers worldwide.

As Chainlink remains a top choice for decentralized oracle services, its partnership with Blockstack will allow developers to build sophisticated Clarity smart contracts. 

On top of this, Chainlink also announced the Chainlink Community Grant Program’s launch, which will likely see a rapid rise in usage, network size, and community. To add on, Chainlink’s Proof of Reserve contributes its importance in the Decentralised Finance ecosystem. With the PoF protocol, tokens on the chain, cross-chain tokens, fiat-based 

 are reinforced with real-time visibility on the blockchain.

Just like any other cryptocurrencies, LINK has its highs and lows too. Luckily, it managed to offset all losses in the past month with the proactively launched products and developments. 

The price of Chainlink crypto has risen by over 1000% over the last year. Currently, LINK is trading at an average of $27, and its 

 is revolving about $11.5. billion. Chainlink’s fundamentals look healthy for many analysts. That automatically translates into further demand for its native token, LINK. And as altcoins are in-demand, LINK’s price soared to its all-time high amid Bitcoin consolidation.

The Impact of Oracles on the Link’s Price

Chainlink’s oracle services are making waves through the blockchain space due to their extended functionality. They act as the bridges which allow several blockchains to interact with on-chain and off-chain resources such as market data.

decentralized oracles into its network broke, LINK surge to new heights. The integration is then facilitated through the IRITA interchain service hub.

Chainlink is the industry-leading Oracle solution provider. The 

 ranked it as one of the 100 startups on its latest technology pioneers list.

Looking at the supply and demand concept, when the need for Chainlink increases, while supply dwindles. In the end, the price will increase too.

Chainlink’s Future on Scalability and Profitability

An inherent lack of external connectivity is inherent to all smart contract blockchains. This is due to the method by which consensus is reached around network transactions and will be an ongoing problem for all smart contract networks. Naturally, this lack of connectivity with external resources creates a considerable limitation for what a smart contract developer.

Chainlink dramatically expands smart contracts’ capability by enabling access to real-world data, events, payments, and more. All of that happens without sacrificing the security and reliability that guarantees the inherent to blockchain technology.

Over 19,000 people are currently acting as Chainlink Node Operators, putting the project on a trajectory to becoming a fully decentralized oracle network.

The Chainlink team is working with multiple smart contract development teams to expand the use of Chainlink as both a way to add external data to their contracts and for use by contracts generated on their platform.

Cryptocurrencies are known for its volatility and fluctuations; hence, investing in crypto can be risky. If you’re planning to buy some Chainlink (LINK) and hold on to it, then you should keep in mind that it is still quite a new cryptocurrency and may be prone to more severe price swings than some of its more established counterparts.

However, many websites and crypto analysts believe that the Chainlink coin price currently sitting at $13.22 is set to climb further and for a good reason.

According to updates, Chainlink aims to accelerate smart contracts’ adoption as the dominant form of digital settlement by enabling them to utilize the mainstream use cases like Defi.

To date, Chainlink has been actively participating in the blockchain space and scored a total of 315 projects, including 74 in blockchain, 98 in 

It recently partnered with the State of Colorado for a 

 The recent hackathon will involve $17,500 in prizes to three winners and $8,500 in Web3 bonus prizes, sponsored by Chainlink.

At the same time, Chainlink’s most recent integrations include the Agoric associating Chainlink’s technology to develop smart contracts with JavaScript. Thus, attracting more developers to invest their time producing quicker and customized data feeds efficiently. 

The forecast by experts paints LINK as a terrific 

. And LINK is especially great for investors and traders who wished to diversity their crypto portfolio. While many coin fans remain very optimistic about Chainlink and remain supportive of those thoughts. 

Due to numerous bullish market sentiments about Chainlink, most crypto analysts agree that the LINK 

. Still, this is a conservative prediction as many market predictions are pointing towards a higher value.

We think Chainlink will still be riding the bullish trend. Looking at Chainlink’s increasing demand and its proactive project integrations, Chainlink will only continue to possess optimistic projections.

, Chainlink (LINK) ‘s price will continue to rise in the coming years, possibly passing the $40 mark by 2023. If the LINK maintains its relevance in the industry and manages to stay ahead of their competition, it might be worth 10-100x than its all-time high. Perhaps, LINK will still be in the crypto realms.

Real user traction is another crucial driver of Chainlink’s success; that is what most holders call “adoption.” Chainlink has built a broad and ardent community that is educated and patient, and that will pay off in the long-run.

There is no competitor to Chainlink that comes close to the functionality offered or where they are developing. Though there are some concerns with the system, overall, it’s a well-thought network with some great minds.

Many analysts think LINK’s fluctuations in price will depend heavily on BTC. But the fact is proving 

 from the norm and the trail set by Bitcoin. With the market being completely unpredictable, the price will probably stagnate and record slow-moving depreciation or appreciation. But, it all depends on the team activity, potential technological breakthrough, or high-level partnership.

Provided that Chainlink continues to expand on its substantial base and establish new partnerships, LINK will maintain its relevance in the industry and stay ahead of the competition. This could potentially increase its value 100x+ more than what it’s worth right now.

Is It Worth Investing or Trading Chainlink Crypto?

It’s worth trading or investing in Chainlink despite the year 2019 might not be the most eventful year for Chainlink. However, the established partnerships, including with the system integrations by Celer, Hedera Hashgraph, Synthetix, Zilliqa, certainly ramped up Chainlink. Today, LINK took a turn, and it’s now listed as the most influential crypto. As the network’s visibility increased exponentially, so did the use cases for LINK. Thus, raising the value of the Chainlink crypto.

The buzz around BTC, the crypto sector, and Oracles also helped push LINK to a new all-time high. However, as 2020 is drawing to an end, many investors still see the bullish run on Chainlink extending into 2021. And the current price point of Chainlink presents an excellent opportunity for beginners’ entry and advanced traders to diversify their portfolio. Traders can also choose to 

 now using leverage for a larger return.

While questions remain about the adoption of blockchain technology and the centralization of crypto, Chainlink remains one of the few networks with ample real-world application. This factor drives its value immensely, further backed by Chainlink’s team’s slew of actions to strike new partnerships.

As Chainlink crypto enjoys a steady price increase and its team continues to popularize the unique business model, the attention around the middleware oracle system and its associated crypto, LINK, has surged, and its future looks bright.

What Is The Future of Chainlink Crypto? [2023 & 2025]

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