The more the merrier is the motto of crypto exchange Binance, which is now offering  institutional investors the ability to set up sub-accounts – up to 200 of them, according to the exchange.

In a blog post, Binance said these new 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.

In addition to the different levels of account types, Binance will allow different sub-accounts to transfer funds with no fees and trade at a greater capacity than they might otherwise be able to do.

ThirtyK Staff
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