The cryptocurrency exchange BloFin has launched the Unified Trading Account (UTA), a consolidated trading account that merges spot and futures accounts. Users of the trading platform can now manage all market positions through a single interface, according to a press release.
The UTA supports three modes:
- Spot and Futures (default) — allows trading on spot and futures markets, as well as using copy trading and trading bots. It includes consolidated margin: instruments with the same settlement currency can be combined to offset profit and loss (PnL);
- Multi-currency (for accounts with at least 10,000 USDT) — supports multi-currency collateral for trading perpetual futures, calculated in US dollars;
- Spot Trading — for those who prefer trading without leverage. It allows working only with spot assets without access to futures, copy trading, and trading bots.
Switching modes is not possible with open positions or active orders. All trades must be canceled before changing modes.
To activate the UTA, users need to go to the account overview or spot/futures account page, click the Upgrade Now button, and select the appropriate mode.
Source: BloFin.
“UTA simplifies asset management, speeds up trade execution, and enhances trading control,” commented exchange representatives.
Earlier, BloFin became the title sponsor of the TOKEN2049 conference, scheduled to take place from April 30 to May 1, 2025.