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OKEx incorporates Unified Account management for users to trade smarter in one account

By Pavithra R

March 26, 2021

  • Africa
  • Okex

OKEx incorporates Unified Account management for users to trade smarter in ONE account
Jay Hao, OKEx CEO

OKEx, a leading digital asset exchange, has announced incorporating Unified Account management for its users, with a highly developed risk-management logic that makes it unique in the market.

Unified Account, also known as Portfolio Margin, is an innovative product feature that allows users to trade across all instruments: spot, margin, futures, perpetual swaps, and options from within one account. Users can manage funds, trading tools, risk management, and more from one place, allowing them to focus their energy on trading rather than operational overhead.

Okex will now gradually roll out this new feature to all account users. Unified Account offers various core benefits that are unique among all major cryptocurrency exchanges. In particular, users can now trade with any instrument using all of their purchasing power. This reduces transaction costs since users no longer have to buy altcoins with BTC or USDT.

With three different account modes available, OKEx’s Unified Account feature was designed with all types of users in mind:

  • Simple mode: Caters to spot traders and options buyers.
  • Single-currency margin mode: Suited for margin and derivatives traders seeking to optimize their capital across all trading instruments, with the ability to select cross-margin or isolated-margin with their open positions.
  • Multi-currency margin and portfolio margin mode: signed for advanced users on OKEx. The key difference with this mode is that users’ assets in different currencies (as valued in USD) can be used as collateral.

“We want all traders to have the best experience when trading on our platform, whether they are new to crypto trading or already battle-hardened. With this new feature, each account mode is customizable and suits varying degrees of experience, allowing for trading with different appetites for risk. We have invested significant resources into providing a sophisticated and flexible product, and look forward to meeting the needs of our growing number of users,” said OKEx CEO Jay Hao.

OKEx’s Unified Account substantially improves users’ operational and margin efficiency and supports margin sharing across spot trading,  futures trading, leveraged trading, and perpetual swaps and options.

Founded in 2017, OKEx is a leading digital asset exchange, providing advanced financial services to traders worldwide leveraging blockchain technology. The firm believes that blockchain technology will eliminate barriers to transactions, increase the efficiency of transactions across society, and will have a significant impact on the global economy. 

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