KuCoin Implemented Support for Subaccounts and Announced IEO Trias
Cryptocurrency exchange KuCoin this Friday announced the addition of a sub-account feature to its platform. Thanks to it, users will be able to create and manage multiple second-level accounts using their main account on the exchange..
Up to 100 additional ones can be linked to each main account. The owner of the main account can configure the capabilities of subaccounts at their discretion, including freezing funds, limiting transfers, etc..
Transactions made by sub-accounts are taken into account when calculating commissions for the main and all additional accounts linked to it.
At the end of last year, the Binance exchange added a similar function to its platform, stating then that its main purpose is to meet the needs of institutional investors, who may need to create several additional accounts for their employees..
In addition, on April 25, KuCoin CEO Michael Gahn announced the name of the project, which will next conduct its initial public offering on the KuCoin Spotlight platform. It will be a startup called Trias. The selection of investors to participate in the campaign will be carried out on a lottery basis. The exchange does not give other details of IEO Trias yet.
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