Binance platform launches a new feature for investment company accounts
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Answer Binance platform launches a new feature for investment company accounts
The Binance platform has launched a long-awaited new feature that is specifically designed to provide a better service for companies and investment funds to use the platform for buying and selling cryptocurrencies.
The new feature will allow the option of a sub account and multiple trading accounts – up to a maximum of 200 accounts – to be set up under one master account. This will provide companies and investment funds with the ability to set up and manage trading accounts.
The main account will have an overview of all accounts and their trading activity, there will be no fees for transfers between sub-accounts and the main account, and the main account will have full control over the sub-accounts such as freezing the account, changing passwords and removing API keys.
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Binance aspires to attract investment companies
As the blockchain technology industry and cryptocurrency markets mature, many are expecting investment funds and companies to enter the space. And the Binance platform announced that it is preparing to lay the foundation stone to attract these companies and funds.
Binance started early on to attract top traders by offering low-fee services to those holding a limited number of BNB coins.
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Binance CFO Wei Zhou said, “We are seeing institutional accounts entering the cryptocurrency market, and the demand is expected to rise significantly in the coming months, so we want to provide all the requirements for customers on our platform.”
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