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Unified account, leading a new model of trading account

After going through the initial period of chaotic and disorderly growth, the blockchain industry and the digital asset market have become more mature and rational, and pure traffic and hype have become more and more unsustainable, and the importance of products and technologies has become prominent, becoming The source of power to support the long-term development of an enterprise and the continuous progress of the industry. Without a solid product foundation and sufficient technology accumulation, any project or enterprise will be just a castle in the air that cannot stand the test, and will eventually become a naked swimmer after retreating from the dynasty.

In this regard, as an early participant and leader in the industry, OKEx has a profound understanding far beyond other platforms. It has always been pursuing product optimization and technological innovation as its primary goal, and has promoted the trading ecology of the entire industry to develop in a benign direction. Recently, OKEx once again became the industry leader and took the lead in launching a new unified account. This blockbuster product, which represents the industry's advanced technology, may open a new chapter in the trading ecology.

As we all know, there are a lot of pain points and defects in traditional trading accounts, such as: there are barriers between accounts between different business lines, inconvenient transfers, cross-currency margin transactions cannot be performed, and capital utilization needs to be improved. But if you want to solve the problem, you need very strong technical strength and the determination to make technological innovation down-to-earth. As an emerging market, the currency circle is changing extremely fast, various hot spots emerge one after another, and restless funds come in and out. Therefore, many platforms would rather devote their resources to chasing hot spots in order to obtain more traffic, instead of paying too much attention to product optimization. Other platforms do not have the technical prowess necessary to solve the problem. So far, the only platform in the industry capable of solving the pain points of industry transactions is OKEx. As a result, the unified account, an innovative product of great significance, came into being with the unremitting efforts of OKEx.

According to the internal test information of the OKEx simulated disk, it can be concluded that the unified account has three modes: simple transaction mode, single-currency margin mode, and cross-currency margin mode. These three modes correspond to users with different trading habits and trading foundations, and meet diversified trading needs. The biggest difference between a unified account and a traditional account is that it breaks down the barriers between accounts in different trading business lines, thereby simplifying the transaction process and improving capital utilization. To give an example: In traditional accounts, when users conduct cross-currency/cross-business line transactions, they not only need to transfer between different accounts, but also need to perform currency exchange when changing cars. For example, after performing BTC/USDT currency-to-currency transactions, you need to transfer BTC to the corresponding BTC contract account to perform contract transactions. If you want to switch to ETH contract transactions, you need to transfer BTC to the currency-to-currency account to exchange for ETH, and then Make the transfer again. Not only is the process cumbersome, but it also increases operating costs and transaction losses. In the unified account, the business accounts of various transaction lines are integrated into one, and users no longer need to transfer accounts, and the operation is smooth and simple.

At the same time, the trading account supports real-time settlement function and multi-currency margin function. After the contract settlement, the user can directly trade the proceeds in currency without waiting for daily settlement. Moreover, users can conduct cross-currency derivatives transactions through the multi-currency margin mode, such as BTC contract transactions with ETH. With the support of complex formulas, a large number of non-mainstream assets can also serve as margin. Greatly improved the user's capital utilization.

In order to optimize the unified account, OKEx cooperated with a large number of professional traders and KOLs to conduct a small-scale internal test. Many KOLs also expressed high recognition for the design and technical level of the same account. Some KOLs said: The unified account model supports free switching and free combination of modules, suitable for beginners, professionals, and high-level groups. It greatly reduces the understanding and operation costs of non-professional users, allowing the system to more accurately reflect the user's will to operate. Smoother and more convenient. In the field of exchange product research and development, it can be said to be a brand new innovative product, which has epoch-making significance for digital currency exchanges.

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Leading product technology does not happen overnight

As we all know, OKEx has always been famous in the industry for its products and technologies. It has a rich transaction matrix and excellent transaction system, as well as an industry-leading risk control system. Under the impact of several extreme market conditions, it also survived the traffic peak steadily, providing users with a safe and stable trading environment. With the passage of time, OKEx has continued to increase its product optimization and technological improvement. Since the beginning of this year, it has carried out several major upgrades and updates to continuously improve the upper limit and performance of the trading system and matching system. Provide users with a silky experience. Today, the trading experience that OKEx can provide is undoubtedly the best in the industry. This is also the main reason why more and more users choose OKEx.

In addition to the unified account that will be launched soon, OKEx has not stopped optimizing and improving other aspects: OEC is progressing steadily, OKT will be launched soon; ETH2.0 pledge and DeFi mining will be launched quickly, and C2C lending products will continue to be updated. One-stop financial services. Trading big data and simple selection functions have been launched one after another to help users judge the market and grasp the market; contract risk reserves are constantly accumulating to protect users' transactions; contract products are constantly being updated to meet diversified trading needs, and positions and trading volume continue to lead; The OKB ecology continues to be built, with a total of 77 application scenarios... From products to technology to ecology, from the destruction of 700 million OKB at the beginning of the year to the launch of the unified account today, OKEx has maintained a strong momentum this year.

We seem to be able to boldly guess that OKEx may be able to lead the new way of playing the exchange by virtue of the newly launched unified account, thus breaking the pattern of separation of the top three and becoming the real winner.