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Bitfinex now allows creating up to 100 trading accounts within one master account

Cryptocurrency exchange Bitfinex has added a new feature on its platform, which allows institutional traders to create up to 100 accounts within one master account.
The “sub-account” feature has been enabled due to growing institutional demand, said Bitfinex, adding that it will allow users to deploy various trading strategies at the same time.
“The master/sub-account feature will enable better risk management and asset allocation,” Paolo Ardoino, CTO at Bitfinex, told The Block, adding: “A trading fund can divide trading accounts between different traders, and reconcile profit and loss across each trading account (this provides transparency as the performance of each individual trader is available).”
The new feature will also offer users trading fee discounts, said Bitfinex, as the exchange will use the combined trading volume of all linked accounts. Notably, the feature is not available to U.S. residents as they are not permitted to use Bitfinex.

Bitfinex is not the only crypto exchange to offer this feature. Binance has been offering up to 200 sub-accounts since December 2018. Gemini also recently introduced the feature with an "unlimited" number of sub-accounts.
Crypto exchanges, in general, appear to be attracting institutional investors. Just yesterday, Huobi Group launched a brokerage platform targeted at corporates and high net worth individuals.
Huobi Brokerage aims to provide the best order execution by routing clients’ orders to several crypto exchanges and over-the-counter (OTC) trading desks. It also supports block trading, customized financing and other solutions that appeal to institutional traders. shares this Contents always with License.

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