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Bitget Opens Unified Account Feature to Institutional Clients

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bitget unified account institutional
Key Points:
  • Bitget opens unified account for institutional access.
  • Retail users can apply for access.
  • Enhances risk management and efficiency.
bitget-opens-unified-account-feature-to-institutional-clients
Bitget Opens Unified Account Feature to Institutional Clients

Bitget has made its unified account function accessible to all institutional users, with retail users eligible upon application. This provides seamless asset management and risk optimization across spot, margin, and major perpetual futures, increasing trading efficiency.

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Institutional access to Bitget’s unified account may boost trading volumes and improve risk management through centralized asset management.

Platform Enhancements and Strategic Focus

Bitget, a prominent crypto exchange, has launched its unified account for institutional users, following the success of similar features by major peers. This move aims to enhance trading efficiency and streamline operations like spot and margin trading.

CEO Gracy Chen emphasized the strategic priority of institutional onboarding by stating:

“Institutional and the VIP clients is a big sector that we’re developing this year. We’re also doing some new product offering for this group of people… unified trading account and more borrow lending credit line for institutional clients.”

This service, available to retail users upon application, ensures enhanced trading efficiency and risk management for institutional clients.

Implications for the Market

Immediate effects on the markets include an anticipated increase in trading volumes and capital efficiency among institutions. The unified accounts cover major trading products like USDT-M and Coin-M perpetual futures, appealing to large-scale traders.

Financially, Bitget maintains a $650 million protection fund aimed at fostering trust and mitigating risk. This rollout underscores their commitment to compliance and infrastructure suitable for high-frequency trading, similar to provisions by Binance and OKX.

The initiative could potentially lead to greater market stability, bolstering crypto adoption among professional investors. Tech-savvy institutions may leverage the updated API for custom strategies, further enhancing trading dynamics in the sector.

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