RATE Group | Bitfinex new feature allows master accounts to have up to 100 trading accounts
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Bitfinex new feature allows master accounts to have up to 100 trading accounts

22 Jan Bitfinex new feature allows master accounts to have up to 100 trading accounts

Posted at 13:24h in Cryptocurrency News by

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A major cryptocurrency exchange, Bitfinex, has recently decided to introduce a number of additional features for institutional traders. One of the most notable one among them is the ability to create as many as 100 trading accounts within each master account.

Bitfinex named the new feature ‘sub-account,’
and it decided to allow it due to the ever-growing
institutional demand. With it, institutional traders will have greater freedom
when it comes to applying various new trading strategies simultaneously.

The company’s CTO, Paolo Ardoino, stated that
the feature will also bring an improvement to risk management and asset
allocation. He noted that a trading fund can divide accounts between multiple
traders, as well as reconcile loss and profit across each trading account. That
way, the transparency is increased, and each trader can see their own
individual performance.

Benefits and meaning behind the
new feature

The new feature also offers features of its
own, such as fee…

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