Introducing the Unified Futures Wallet

Written by BTSE

July 2, 2024

Unified futures wallet upgrade

We are excited to announce the launch of our new Unified Futures Wallet, a significant upgrade designed to streamline and enhance your trading experience. This upgrade aims to consolidate all your futures trading activities into a single, unified wallet, offering a more efficient and user-friendly platform.

 

Why Should You Upgrade to the Unified Futures Wallet?

The primary objective of the Unified Futures Wallet upgrade is to simplify the management of your futures trades by merging all activities into one centralized location. By closing existing Isolated Futures Wallets, we ensure that all your assets and trading activities are consolidated into the new wallet. This transition not only improves efficiency but also enhances the overall user experience. Advanced traders will appreciate the improved risk management capabilities, though the decision to upgrade remains entirely up to you.

 

What New Features Will Be Available?

After upgrading to the Unified Futures Wallet, you will gain access to several new features:

 

Important Information for API Users

If you are an API user, it is crucial to review all API changes before upgrading. Once the upgrade is complete, the latest API endpoints will be used immediately. Ensure that your API endpoint has been updated according to the latest API changes. For detailed information, refer to the API change log.

 

Conditions for Upgrading

Before upgrading, make sure to:

  • Close all active positions in your cross and isolated futures wallets, including all sub-accounts.
  • Cancel all open orders in your cross and isolated futures wallets, including all sub-accounts.
  • Deactivate any active Futures Grid Trading Bots, including all sub-accounts.

 

How to Upgrade

Upgrading to the Unified Futures Wallet is straightforward:

1. Click the Upgrade Now button on the Futures Wallet page.

2. Ensure that you meet all the upgrade conditions.

3. Read the important notices; the upgrade is irreversible.

4. Confirm the upgrade by clicking the NEXT button.

5. Wait approximately 3 minutes for the upgrade to complete.

 

Handling of Assets in the Unified Futures Wallet

All assets in your various wallets will be automatically transferred to the Unified Futures Wallet with no reduction in assets. Here’s a snapshot of what it should look like. Note how the tab for Wallets (previously next to the Assets tab) has disappeared:

What’s Next?

After upgrading, you’ll be able to toggle on Isolated Margins and Multiple Position Mode, which will enable you to isolate risk for individual futures positions and run multiple positions for the same futures contract. 

 

Here’s an example of how we do it for BTC-PERP:

Additional Important Information

  • The upgrade to a Unified Futures Wallet is irreversible.
  • The upgrade process will take approximately 3 minutes, during which you will not be able to perform any futures trading, trading bot activities, bot copy trading, or futures wallet transfers.
  • The Unified Futures Wallet applies to all sub-accounts simultaneously.

 

Post-Upgrade Access to Previous Wallet Records

All historical records from your previous wallet can be viewed in the Futures Wallet History section, ensuring that you retain access to all your past transaction data.

 

Upgrade Issues

If the upgrade fails, verify that you meet all the upgrade conditions. If the issue persists, contact Customer Support for assistance.

Upgrade to the Unified Futures Wallet today and take advantage of a more efficient, streamlined, and user-friendly trading experience. We are committed to providing you with the best tools to manage your trades effectively.

 

Additional Information

To learn more about how you can use the Unified Futures Wallet to isolate margins and run multiple futures positions, check out these resources:

 


Our aim is to create a platform that offers users the most enjoyable trading experience. If you have any feedback, please reach out to us at support@btse.com or on X @BTSE_Official.

Note: BTSE blog content is intended solely to provide varying insights and perspectives. Unless otherwise noted, they do not represent the views of BTSE and should in no way be treated as investment advice. Markets are volatile, and trading brings rewards and risks. Trade with caution.

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