Bitget and Coinbase advance unified account models for capital efficiency

Major financial platforms are moving toward unified account structures to improve capital efficiency and consolidate liquidity across different asset classes.

A study by Bitget and Block Scholes found that using a unified account to combine tokenized stocks with crypto derivatives could reduce simulated capital requirements by 48.5%. In a modeled $1 million portfolio, separate accounts required approximately $340,000 in capital, whereas Bitget’s cross-asset unified account required roughly $175,000. However, the study noted a trade-off: while capital use is more efficient, the portfolio faced higher correlation risk, reaching a liquidation point after a 21% correlated decline compared to 27% for a USDT-backed portfolio.

Simultaneously, Coinbase is working to reduce collateral fragmentation by integrating its derivatives and equities offerings. Following the integration of Deribit and Coinbase International Exchange, the company plans to roll out crypto options, spot margin, and unified portfolios. This infrastructure aims to allow professional traders to manage execution, collateral, and risk across various products rather than through isolated trading accounts. Coinbase also announced the return of Coinbase Pro by the end of 2026 as a professional interface for this expanded trading stack.