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Binance Launches Multi-Account Feature for Institutional Crypto Traders

Published 12/06/2018, 03:00 PM
Updated 12/06/2018, 03:15 PM
© Reuters.

Crypto exchange Binance is looking to aid institutional investors with a new sub-account feature.

Announced Thursday, these sub-accounts will allow institutions to set up multiple trading accounts for each firm, with different accounts being given different levels of access and control. The firms' main accounts will be able to control these sub-accounts, granting them permissions as needed.

A single institution may have up to 200 sub-accounts, according to the exchange.

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