Binance Upgrades Managed Sub-Account Function, Enabling Self-Service Application
Fellow Binancians,
Binance is pleased to announce that we have upgraded the Managed Sub-Account function, enabling self-service application for eligible users. The Managed Sub-Account function, which allows flexibility in asset allocation and fund management, is exclusively offered to Institutional clients and VIP users. The upgraded Managed Sub-Account function will be available from 2022-03-17 00:00 (UTC).
Features of Managed Sub-Account Function:
From the perspective of investors:
- Investors can entrust multiple trading teams to manage their assets by creating multiple Managed Sub-Accounts tied to different trading teams.
- Investors can withdraw from Managed Sub-Accounts at any time or schedule withdrawals.
- Managed Sub-Accounts created by investors enjoy the same trading fees as trading teams, which are lower.
From the perspective of trading teams:
- Trading teams can implement different strategies in multiple Managed Sub-Accounts while managing funds for investors. These strategies are secured since historical and open orders of Managed Sub-Accounts cannot be viewed by investors.
- The trading volume of the Managed Sub-Accounts count toward the trading team’s overall trading volume, thus enjoying lower trading fees.
Who Can Apply for the Managed Sub-Account Function via Self-Service?
- An account that has activated the sub-account function and holds assets with a value of more than $1 million equivalent, OR,
- A VIP 3 or above level account that has activated the sub-account function.
How to Activate the Managed Sub-Account Function via Self-Service?
- Eligible users can activate the Managed Sub-Account function via self-service by referring to this step-by-step guide. If you have not enabled the sub-account function yet, please apply here.
For more:
- Learn more about the sub-account function
- Learn more about Binance VIP and institutional services
Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. You are advised that Binance is not responsible for your trading losses.
Thanks for your support!
Binance Team
2022-03-15
Trade on-the-go with Binance’s crypto trading app (iOS/Android)
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Binance reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.
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