EcovDex

Unified Trading Model (UM) Official Launching Announcement

2022-11-17 02:02:03
Respected User,

In order to optimize the existing account structure and improve capital utillization, EcovDex has officially launched the Unified Margin (UM) on November 17, 2022. The unified trading system newly launched by EcovDex that can use all currency assets as margins to trade a full range of products.At present,both the EcovDex webpage and APl have supported the unified transaction mode (the App will be launched later) and you are welcome to experience it.

Compared with the classic mode (EcovDex existing trading system),the unified trading mode has the following advantages:

1. Brand new account structure,no transfer of funds required

In the unified trading account,you can trade spot,leveraged,perpetual,delivery and option products at the same time.

2. Support cross-currency deposits to improve capital utilization

All currencies in the unified trading account will be converted into USDT value according to the currency depreciation rate,and a unified margin will be provided for the position.

3. The profit and loss of the position are calculated together,and the profit and loss offset each other

In the unified trading mode,the profit and loss of multiple positions you hold will be calculated together,and the profit and loss will offset each other.

4. Supports automatic currency lending for transactions,making transactions more flexible

In the borrowing mode of the unified transaction mode,you can only recharge one digital asset collateral,and then trade spot and derivatives settled in all currencies of BIT through the automatic borrowing
mechanism.


learn more : 

From now on,you can visit the EcovDex web page,log in to your account and visit the account asset page,migrate to the unified trading mode with one click and enjoy the ultimate trading experience(see the
migration tutorial).

We strongly recommend that you carefully read the relevant introduction before officially upgrading to the unified trading mode,and experience the unified trading mode in the demo registration account.

API users need to complete the APl-related transformation of the unified transaction model before migrating.For details,please read the APl documentation

After the unified trading mode is launched,the assets,tradable products and APl of users of the original classic trading mode will not be affected.