BloFin Launches Unified Trading Account for All Users
BloFin has achieved a significant milestone by becoming one of the first four global exchanges to offer full Unified Trading Account (UTA) functionality to all users. This development underscores BloFin's commitment to rapid product innovation and delivering an institutional-grade trading experience. The UTA functionality allows for the seamless management of Spot and Perpetual Futures positions within a single interface, enhancing performance, capital efficiency, and operational flexibility.
The latest update includes the complete rollout of Unified Trading Account Mode for all sub-accounts, enabling users to manage their Spot and Perpetual Futures positions effortlessly. Additionally, BloFin has launched Cross-Currency Margin Mode for sub-accounts, allowing users to utilize multiple asset types as collateral. This feature improves margin efficiency and enhances risk management across positions. The Master Account will continue to operate under the traditional mode, ensuring a balanced experience for both new users and long-time traders. Sub-accounts, on the other hand, offer access to advanced features under the UTA framework.
BloFin offers three distinct account modes to accommodate diverse trading needs. The Spot Trading Mode is tailored for users trading without leverage, supporting only spot trading and excluding access to perpetual futures, copy trading, trading bots, and the use of futures bonuses or vouchers. The Spot and Futures Trading Mode, which is the default setting, provides access to both spot and perpetual futures trading, along with copy trading functionality, trading bots, and the ability to utilize futures bonuses and vouchers. This mode also supports Single-Currency Margin, enabling users to consolidate margins across positions with the same settlement asset and offset unrealized PnL.
The Multi-Currency Margin Mode is available to accounts with an equity balance of 10,000 USDT or more. This mode allows users to post multiple cryptocurrencies as collateral for perpetual futures trading, with collateral valued in USD and margin obligations shared across positions settled in different currencies. This mode enables cross-asset PnL offsetting but may also introduce spot trading liabilities and cross-currency liquidation risk. Together, these account modes provide traders with flexible, professional-grade tools to match their strategy, capital size, and risk appetite, underscoring BloFin's ongoing commitment to building a comprehensive and customizable trading ecosystem.
BloFin is a top-tier cryptocurrency exchange specializing in futures trading. The platform offers over 480 USDT-M perpetual pairs, spot trading, copy trading, API access, unified account management, and advanced sub-account solutions. Committed to security and compliance, BloFin integrates Fireblocks and Chainalysis to ensure robust asset protection. By partnering with top affiliates, BloFin delivers scalable trading solutions, efficient fund management, and enhanced flexibility for professional traders. As the constant sponsor of TOKEN2049, BloFin continues to expand its global presence, reinforcing its position as a leading platform for professional traders.
