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Here’s How Bit.com’s Unified Margin Feature Sets It Apart From Other Crypto Exchanges

Published 04/05/2022, 04:20 AM
Updated 04/05/2022, 04:30 AM
Here’s How Bit.com’s Unified Margin Feature Sets It Apart From Other Crypto Exchanges

  • Bit.com provides a suite of future-ready offerings such as perpetual and futures.
  • Bit.com offers services from price discovery to trading strategy execution to liquidity provision.
  • The project has a smartphone app that is compatible with iOS, Android, Web and API.

With the crypto market having evolved at a staggering pace over the last couple of years, as is highlighted by the fact that the total capitalization of this sector has risen from $250 billion to over $2T over the above stated time window, Bit.com has carved a niche for itself by providing investors with a suite of future-ready offerings such as perpetual, futures, and options products related to prominent digital assets, including Bitcoin (BTC), Ethereum (ETH), and Bitcoin Cash (BCH). From a purely numbers standpoint, the platform boasts the second-largest trade volume within the BTC and ETH options market.

Launched in 2020 by Matrixport, one of Asia’s largest one-stop digital assets financial services platforms, Bit.com currently offers clients with services ranging from price discovery to trading strategy execution to liquidity provision — and pretty much everything else in between. Furthemore, the platform provides its users with access to a vast array of popular tokens and financial instruments, allowing them to accrue profits via many different mediums.

A closer look at its Unified Margin feature

The fact that Bit.com is backed by Matrixport, a crypto-centric financial services firm with over $10 billion in assets under management (AUM), ensures that the platform is always secured by a sizable fund pool, something that not a lot of other trading ecosystems can boast of.

Also, in addition to investing, trading and leveraging a host of crypto assets, new users — as well as existing Matrixport clients — now have the option of harnessing Bit.com’s savings accounts to enjoy an annual return rate of 30% for a period of 8 days. They recently announced the launch of their fixed savings product, Bit.com EARN. EARN is available on bit.com’s mobile app. As things stand, Bit.com supports a plethora of coins including BTC; stablecoins such as USDT, USDC as well as popular altcoins including DOGE, DOT, ETH, LINK, LTC, SHIB, SUSHI, UNI, amongst many others.

That said, what truly distinguishes Bit.com from the rest of the fray is its Unified Margin (UM) feature, which, in its most basic sense, can be described as an advanced trading and risk management system utilizing a single account. It provides clients with a host of spot, features, margins, perpetual, and options trading opportunities.

To elaborate, through the use of their Unified Margin accounts, all collateral cryptocurrencies in one’s unified account are shared as USDT denominated margin so as to improve capital utilization as well as mitigate many potential liquidation related problems. USDT Margined Futures are cryptocurrency derivatives that afford users the opportunity to take long/short positions and earn profit from the price of their underlying asset.

Functionally speaking, USDT margined futures are denominated and settled in USDT. That said, the offering is currently only available for Unified Margin Mode users

Other key aspects of the project include:

– High liquidity: Since its debut, Bit.com’s liquidity has improved greatly, with the platform being backed by various tier-one market makers.

– Solid leverage options: The platform offers a whopping 50x leverage in relation to futures and a sizable 10x when dealing with options.

– Tight privacy infrastructure: Bit.com is safeguarded by Cactus (NYSE:WHD) Custody’s bleeding edge security framework. Additionally, the ecosystem also provides users with financial insurance in relation to their funds.

– Highly functional mobile app: The project comes with a well developed smartphone app that is compatible with iOS, Android, Web and API.

Disclaimer: CoinQuora does not, and will officially not endorse any company or individual on this sponsored article. Any information published in this sponsored article does not equal financial advice. We encourage everyone to do their own research before investing in cryptocurrencies.

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