Binance to Implement Sub-Account Support

Users of so-called institutional accounts can create up to 200 subaccounts in one
06 December 2018   143

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

Binance to Invest $3M in Koi Trading

San Francisco-based Koi Trading intends to become a regulated liquidity provider for cryptocurrency over-the-counter markets
21 November 2018   282

Binance Labs has invested in American over-the-counter platform Koi Trading, CCN reports.

San Francisco-based Koi Trading intends to become a regulated liquidity provider for cryptocurrency over-the-counter markets. In addition, the company is engaged in data analysis and advises market participants on compliance issues.

Koi Trading’s mission is to bridge fiat and cryptocurrencies in a compliant manner. This aligns with our broader vision at Binance to build the infrastructure which provides the freedom of value exchange globally.
 

Ella Zhang
Head, Binance Labs

In October, Binance Labs invested several million dollars in a CertiK project specializing in the audit of smart contracts.