Bitfinex Exchange Introduces Sub-Account System for Professional Traders

Cryptocurrency exchange Bitfinex has announced a new feature that allows users to create multiplesubaccounts under one master account.

As noted by the technical director of the company PaoloArdoino, the introduction of such an option occurred almost at an ideal time, taking into account the growing interest in cryptocurrencies from institutional investors.

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The Bitfinex blog says that the sub-account system has been introduced at the request of many users.

According to the proposed scheme, users will be able toexperiment with several trading strategies at the same time, while Bitfinex will use the combined trading volume for all related accounts, offering general commission discounts according to the commission calculation structure.

If the user account is verified,the client can choose which subaccount will use this data, giving it all the relevant advantages. In addition, each subaccount can be verified individually.

Users will also be able to send funds from the master account to the wallets of their chosen sub-account.

When creating a sub-account, it is attached tothe main user account, which will continue to act as a master account. Only the master account has the authority to create sub-accounts (up to 100), it is also endowed with a number of other functions, including changing the viewing mode, changing e-mail, etc.

Additional information on sub-accounts is available in the Bitfinex Knowledge Base.

Recall that in December Bitfinex canceled fees for deposits in cryptocurrencies and stablecoins for amounts less than $ 1000.