BitRss.com latest Crypto World News

Search and discover the latest Cryptocurrency updated Stories in Categories.

24-7 Cryptocurrency News about Blockchain, Technology and much more, only from Top Leading Sources.

Bitfinex Launches Sub-Account Feature Amid Growing Institutional Demand in Crypto

Bitfinex Launches Sub-Account Feature Amid Growing Institutional Demand in Crypto
Bitfinex, a state-of-the-art digital asset trading platform, has launched a sub-account feature that allows users of the exchange to set up multiple trading accounts within one master account. The addition of the sub-account feature meets institutional demand to deploy more complex crypto trading strategies.
The feature will enable users to create up to 100 subsidiary trading accounts under one master account, which retains full managerial control and the authority for sharing funds between accounts. Institutional traders, verified as corporate users, who wish to give different levels of access to employees within the same organization can do so utilizing the sub-account feature.

“There is huge pent up demand among institutional traders for a more sophisticated way of accessing crypto markets,” said Paolo Ardoino , CTO at Bitfinex.
“The sub-account feature will facilitate myriad trading strategies across different accounts, and further underlines our capacity to meet the needs of institutional traders pursuing increasingly complex strategies.”

Source: Bitfinex
The new sub-account feature offers the following benefits:

Shared volume with fee discounts across all accounts based on the cumulative fee tier.
The deployment of various trading strategies at the same time, enabling traders to track their strategies more accurately.
If a user’s account is verified, the customer can decide which sub-account to share verification data.
A user taking advantage of the service will be able to transfer cryptocurrency funds between the master account into the wallet of a chosen sub-account.

A master account has the capacity to perform a variety of functions, including Switch access to view and make changes to the various sub-accounts (a user’s sub-account email has to be verified first in order to perform this function). Set security restrictions on sub-accounts. Identify the desired verification status on each sub-account.
The post Bitfinex Launches Sub-Account Feature Amid Growing Institutional Demand in Crypto appeared first on Coingape .

BitRss.com shares this Contents with License.

Thank you for Share!

   
Read the full Article

Read the full Article: Bitfinex Launches Sub-Account Feature Amid Growing Institutional Demand in Crypto


Search Crypto News


BITRSS | CRYPTOCURRENCY WORLD NEWS

The latest Top News, from up to 70 Leading exponents of BlockChain, Bitcoin and different Accredited Crypto Currency Sources.

Since 2015, our Mission was to Share, up-to-date, those News and Information we believe to represent in an Ethical and sincere manner the current Crypto Currencies World: everything you are looking for, in one place!

We have always tried to give priority to the News; for this reason we have designed BitRss.com simple and intuitive, usable by all Devices, fast and effective.


| LEARN MORE ABOUT |

24h Most Popular News