Binance to Implement Sub-Account Support

Users of so-called institutional accounts can create up to 200 subaccounts in one
06 December 2018   642

Binance Bitcoin Exchange has added a subaccount feature that allows VIP users to have multiple trading accounts in one.

At Binance, we strive to fulfill the needs of our users and to constantly improve the user experience. The ability to have sub accounts was one of our most-requested features — we have been working on this functionality and are happy to now offer this to our institutional accounts.
 

Binance Team

It is reported that users of so-called institutional accounts can create up to 200 subaccounts in one.

Thus, the new service allows to manage orders and assets of all accounts, reset the two-factor authentication settings and freeze other accounts.

Binance representatives also added that no fees will be charged for transferring assets between subaccounts.

Only corporate and VIP users can receive access to the service, whose monthly trading volume is or more than 4,500 BTC

BTC Invesment Profitability to Exceed Traditional Assets

This conclusion was made by Binance Research team in study "What Bear Market?"; since begining of the year the BTC has grown by more than 50%, while oil by 33%
08 May 2019   329

Since the beginning of the year, Bitcoin has grown faster than traditional market assets, including oil, technology companies, real estate and gold. This conclusion was made by Binance Research in the new study "What Bear Market?"

Since the beginning of the year, the price of Bitcoin has grown by more than 50%, while oil - by 33%, tech stocks - by 18%. The price of gold in five months slipped by 1%.

Recently, however, some factors have emerged that may put pressure on the price of Bitcoin. Thus, the recovery of BTC growth slowed down somewhat amid news of a hacker attack on the popular Binance exchange itself, as a result of which 7,000 BTC ($ 40.5 million) were stolen.

Another potentially negative factor for the price of Bitcoin could be the upcoming IEO of the Bitfinex exchange, where Tether stablecoins will be used to purchase LEO tokens for $ 1 billion. It can lead to situation when large players can may actively sell BTC.