Poloniex announces the launch of sub-account feature

Cryptocurrency exchange, Poloniex, has announced the launch of its new sub-account feature, aimed at providing its users with more functionality and control over their trading activities. The platform’s sub-account feature enables users to create multiple sub-accounts under a single primary account, with each sub-account having its own unique API keys, trading history and balances. The new feature is a response to user feedback, with Poloniex aiming to make the platform more user-friendly and accessible to a wider range of users. The sub-account feature will also provide users greater flexibility in managing their funds and trading strategies, helping them to better manage their portfolios and optimize their trading activities. The launch of the sub-account feature is the latest in a series of updates and improvements that Poloniex has been making to its platform, enhancing its capabilities and ensuring that it remains at the forefront of the cryptocurrency trading industry.

Poloniex is a well-known and growing international cryptocurrency exchange that was established in 2014. The platform deals with buying and selling various crypto assets, including Bitcoin, Ethereum, Litecoin, and more, making it a go-to exchange for traders looking for lower fees. The exchange works with decentralized financial assets, offering an innovative trading experience for both experienced and inexperienced traders, and accepts various payment methods.

In 2023, Poloniex is planning to launch its sub-account feature, streamlining capital competence for professional users and institutions. In the meantime, the platform aims to design innovative trading tools and strategies for its users. Although the sub-account feature is available via the web interface, it is not yet available on Google Play Store and Apple Store Online.

To create a sub-account, traders must create a master account, complete the KYC verification, and set up the Google authenticator, spot, and contract functions. After setting a sub-account password, traders need to complete human-machine interaction using an email verification code and enable the “Google Authentication Required” permission. Once the sub-account is created, users must log in to the account, explore the navigation bar, and click on Sub Accounts.

Changes can be made to the sub-account names, but not the email address. Some accounts are not deposit-enabled by default, and the top-up function remains unsupported. To activate this feature, users must log in to the master account, go to the “Sub-Account” function page, and enable the “Enable Deposit” button for the sub-account.

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