Gemini, the New York registered bitcoin exchange company, today introduced a new sub-accounts feature for institutions. The feature allows institutional customers to create and manage multiple accounts under a single master account.
Sub-accounts allow institutions to segregate trading strategies, funds, and clients, across multiple sub-accounts under the same master account. The feature also makes it easier for institutions to earn volume-based trading fee discounts because the volume for an institution is aggregated across all of its sub-accounts.
Features available on sub-accounts include: account and user management, API, instant fund transfers between sub-accounts, aggregation of volume for trading fee discounts, and the ability to offer Gemini services to end customers.
“We believe this feature will be very valuable to a variety of our institutional customers, including hedge funds running multiple trading strategies, Registered Investment Advisors (RIAs) looking to manage segregated accounts, and retail brokers needing to maintain self-directed accounts for their customers.”
– Jeanine Hightower-Sellitto, Gemini, Managing Director of Operations