There are four account modes in Unified Account: Classic Spot Mode, Single-Currency Margin Mode, Multi-Currency Margin Mode, and Portfolio Margin Mode. There is no entry barrier for the Classic Spot Mode and the Single-Currency Margin Mode. If you want to experience the Multi-Currency Margin Mode, your estimated account asset value must be at least 500 USD. If you want to experience the Portfolio Margin Mode, your estimated account asset value must be at least 1,000 USD.
If you are ready, join me to embark on the journey to explore the Unified Account!
Upgrade Entries
We provide multiple entries on different pages to help you quickly complete the upgrade process.
- Click [Upgrade Now] on the [Assets] section on the spot trading page.
- [Trading Settings] on the top right of the spot trading page
Click the icon of trading settings on the top right of the spot trading page, and you'll see the window below. Click [Account Upgrade].
- [Upgrade Now] on the top right corner of the spot account page
Upgrade Procedures
You can start the upgrade after clicking on any of the entries mentioned above.
Step 1: Select the mode suitable for you and click [Upgrade].
Step 2: After the upgrade is completed, quickly view the introduction of Unified Account by clicking [Next] (you can also skip this and close the window).
Switch Account Mode
There are four account modes in Unified Account: Classic Spot Mode, Single-Currency Margin Mode, Multi-Currency Margin Mode, and Portfolio Margin Mode. Here follow the steps to switch:
Step 1: Go to Unified Account. Click the circled tab in the picture below.
Or you can click the icon of trading settings on the top right of the spot trading page or in the USDT Perpetual markets.
Click [Account Mode].
Step 2: Choose the one you want to switch to and click [Switch].
*Notes: Conditions that Prevents Switching Account Modes
- Classic Spot Mode:
- You have positions, open orders, or liabilities of unsupported trading types.
- Single-Currency Margin Mode:
- You are a futures lead trader.
- You have positions, open orders, or liabilities of unsupported trading types.
- Multi-Currency Margin Mode:
- You are a futures lead trader.
- You have futures bonus
- You have positions, open orders, or liabilities of unsupported trading types.
- Portfolio Margin Mode:
- You are a futures lead trader.
- You have futures bonus
- You have positions, open orders, or liabilities of unsupported trading types.
Post-Upgrade Changes
- After upgrading to the Unified Account, you can no longer switch back to the Classic Mode. [Spot Account] will become [Unified Account]. If you still want to use the Classic Mode, you can use the [Classic Spot Mode] in the Unified Account. This mode offers the same features as the Classic Mode and can serve as a transitional option.
- If you upgrade to the [Classic Spot Mode], your existing futures bonus, position bonus, and futures lead trader identity will not be affected.
- After upgrading to the Unified Account, except in the Classic Spot Mode, the subaccounts for Options and USDT Perpetual Futures under the Futures account will be removed when using the Single-Currency Margin Mode, Multi-Currency Margin Mode, or Portfolio Margin Mode. Their USDT assets will be merged into the Unified Account. If you later switch back to the Classic Spot Mode, the subaccounts for Options and USDT Perpetual Futures will reappear under the Futures account; however, the USDT assets will not be migrated back.
- If you have enabled Soft Staking, after upgrading to the Unified Account, USDT assets held in the Classic Spot Mode can still generate interest. However, if you switch to the Single-Currency Margin Mode, Multi-Currency Margin Mode, or Portfolio Margin Mode, USDT assets cannot be used for Soft Staking.
How to Trade
After the upgrade completes, you can trade spot, margin, and futures in one account simultaneously, which avoids frequent fund transfers among different accounts. With margin sharing across multiple trading types within the Unified Account, the capital efficiency is greatly improved.
- Cross Margin Trading
The system will auto-borrow the funds you need if your available balance is insufficient in cross margin trading. Once your order in the opposite direction is filled, the system will use the funds received to automatically repay the borrowed amount. Auto Borrow and Auto Repay are available for margin trading in spot markets and are only supported under the Unified Account.
- USDT Perpetual Futures Trading
Under the Unified Account, your USDT Perpetual positions share margin with spot trading, margin trading, and other products. All positions will be settled within the Unified Account, with unified management of funds and risk. This means that you don't need to transfer funds to the futures account in advance—your available funds automatically serve as margin, which greatly enhances capital efficiency. However, please note that losses from any positions could wipe out all the margin in the Unified account, increasing the risk of liquidation. Moreover, you can turn on the Simple Earn switch to enable Simple Earn flexible subscriptions as futures margin.
- IMR and MMR
Initial Margin Ratio (IMR) and Maintenance Margin Ratio (MMR) are two key risk indicators in the Unified Account, which require continuous attention. IMR is an indicator for measuring the available margin in the account. When it drops below 100%, open orders will be auto-canceled. MMR is a key indicator for measuring account risk. When it drops to 100% or below, liquidation will be triggered.
Gate reserves the final right to interpret the product.
