In more Binance news, the largest cryptocurrency exchange has announced the release of a new sub-account feature which will cater to those looking to set up multiple trading accounts.
We are thrilled to launch our long-anticipated Sub-Account Feature, bringing improved managerial control to institutional account holders.https://t.co/C82JSaCfw5— Binance (@binance) December 6, 2018
Additionally, the new feature includes improved managerial control and asset audit tools to institutional users. The master account will have sole control over as many as 200 sub-accounts as well as the ability to freeze specific sub-accounts, set permissions and grant different access levels.
Each sub-account also has its own set of API limits, enabling each account user to trade with more freedom at a higher capacity. Furthermore, to minimize risk, account login information is sub-divided.
It’s important to note that the new sub-account feature is available to corporate users and individuals with accounts of VIP 3 tier and above.
The community seems pleased with the announcement:
Really interesting! Great improvement @cz_binance !— Crypto Rand (@crypto_rand) December 6, 2018
Uf Great! That looks good!— Jordi García (@Jordigarciacall) December 6, 2018