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