Although the winter is cold, it can't stop investors' enthusiasm for the encryption market. Bitcoin broke through 20,000 US dollars strongly, hitting a record high. The entry of institutional investors marks the beginning of a new era for the entire industry. At the beginning of the bull market, exchanges are facing unprecedented challenges. How the existing trading system can meet the needs of institutional and professional investors has become a difficult problem facing the industry at this stage.

OKEx, the world's largest digital currency trading platform, launched the "unified account model" at the new product launch conference on December 23, 2020. The press conference invited Jiumei from OKEx Key Account Department, Bixin Mining CEO Liu Fei, Kronos Research COO Ran Yi, senior digital currency traders, and well-known KOL bitcoin masters to explain in detail the far-reaching impact of "unified account" on the industry structure for users .

OKEx Jiumei said that 2020 is a year for capital giants to deeply cultivate cryptocurrencies, and it is also a year for qualitative changes in user groups. The unified account is also a product designed by OKEx to adapt to the tide of the times. The unified trading account provides three new account modes, which are simple trading mode, single-currency margin mode, and cross-currency margin mode. The original trading system includes currency accounts, delivery contract accounts, perpetual contract accounts, For options contract accounts, etc., asset transfer is relatively complicated. Now, the funds required for various transactions will be aggregated in one account, and transfers are no longer required, providing different users with a smoother and more stable trading experience. OKEx will also encourage users to fully understand the unified account through the "OKEx Unified Account Elite Competition" and at the same time have the opportunity to share a bonus of 260,000 USDT.

After experiencing the unified account system newly developed by OKEx, a senior digital currency trader and a well-known KOL bitcoin expert believes that the launch of a new generation of trading system by OKEx this time is similar to Apple’s launch of the IOS system back then. Jobs faced doubts Shi firmly said that the IOS system is the most important part of Apple's future ecological development. Now Apple's achievements are enough to show that IOS redefined the entire electronic technology industry ecosystem, just like the current OKEX unified account will redefine transactions. And Mr. Dashouzi said that the new system will provide sufficient protection for the asset security of novice traders.

Liu Fei, CEO of Bixin Mining, said that just like the significance of cross-chain technology to the blockchain industry, the value island between coins has been opened up. The OKEx unified account cross-currency margin model, users only need to transfer assets into the full warehouse In the account, you can trade currency, leverage, delivery, perpetual, and options at the same time, and convert them into US dollars, which improves the efficiency of capital utilization and transactions, and plays a role in protecting users. It enriches the investment portfolio. It is the greatest innovation of this unified account trading system.

Yi Ran, COO of Kronos Research who has experienced the OKEx unified account, believes that the combined margin system can minimize risks. Although it is not completely sure whether the unified account will directly promote the entry of institutions, there must be a large number of institutions and individual professional investors who will conduct detailed research and imitation of OKEx's new generation trading system, and then form a cognitive awareness chain reaction. However, due to the high technical threshold, it is difficult for other exchanges to develop a comparable unified account system in the short term.

Finally, the new generation of OKEx trading system will officially start public testing at 8:30 tonight. You can experience it by clicking "Asset Management" - "Start Simulated Trading" in the upper right corner of the official website. In addition, we also held an event called "Opinion Elite Competition". Everyone feedback optimization suggestions and bugs when experiencing the new trading system. We will rank everyone according to the number of adopted suggestions. If you rank high, you can easily share 110,000 USDT huge prize pool. Specific event information can be queried on the official website banner, and everyone is welcome to experience it actively.