fbpx
QQQ
-0.72
326.48
-0.22%
DIA
-4.60
352.42
-1.32%
SPY
-3.76
421.86
-0.9%
TLT
-0.61
138.43
-0.44%
GLD
-0.19
172.33
-0.11%

Bitfinex Addresses Institutional Demand With New Sub-Account Feature

January 21, 2020 4:08 pm
Share to Linkedin Share to Twitter Share to Facebook Share to Print License More
Bitfinex Addresses Institutional Demand With New Sub-Account Feature

Bitfinex, a digital asset trading platform, formally announced the addition of a sub-account feature which allows users to set up multiple trading accounts under one master account.

“There is a huge pent-up demand among institutional traders for a more sophisticated way of accessing crypto markets,” Paolo Ardoino, CTO at Bitfinex said in a statement. “The sub-account feature will facilitate myriad trading strategies across different accounts, and further underlines our capacity to meet the needs of institutional traders pursuing increasingly complex strategies.”

The following are core features:

  • Shared volume with fee discounts across all accounts
  • Simultaneous deployment of various trading strategies

This development comes after a round of increased interest in digital assets; last week, CME Group Inc. (NASDAQ:CME), a derivaitves and options exchange operating in Chicago and New York, formally announced the launch of options on Bitcoin (BTC) futures, delivering on growing retail and institutional interest demand for levered exposure to the cryptocurrency market.


Related Articles

CME Group Ends In-Person Trade, Successfully Launches Micro Bitcoin Futures

CME Group Inc (NASDAQ: CME) announced an end to most open outcry trading pits while honing in on emerging markets with new products like Micro Bitcoin futures. read more

Is CME Launching Dogecoin Futures? What You Should Know

CME Group Inc (NASDAQ: CME) does not plan to launch a futures product based on Dogecoin (DOGE), The Block reported Sunday. read more

Bitcoin Is Trading Near Record-High Again But Analyst Says We Are Staring At A Meltdown

Bitcoin’s (BTC) recent gains may be short-lived and “the whole rally in crypto is getting very long in the tooth,” according to Boris Schlossberg, a leading foreign exchange expert. read more

Bitcoin Crosses Crucial $12K Mark Amidst Low Funding Rates

Bitcoin (BTC) crossed the $12,000 threshold for the second time in two months, but crypto traders were not as bullish this time around as they were in mid-august, according to  read more