sub-account

According to the official announcement, Binance will update independent brokers (Cryptocurrency as a Service CaaS - Basic/Premium model) to set a limit on the number of sub-accounts for end users of each independent broker client who have completed KYC verification.This change aims to standardize the services across the platform, thereby enhancing the compliance and security of all products and users. Starting from April 29, 2026, 08:00 (UTC+8), each independent broker will allow each user who has completed KYC verification to associate a maximum of 5 sub-accounts.

Bitfinex Securities has announced an update to its account structure, allowing users to trade tokenized securities without the need to separately open a dedicated securities sub-account. Under the new account structure, security tokens will be natively supported in the main account and standard trading sub-accounts. Previously, new users had to create a separate Bitfinex Securities sub-account before they could start trading. Existing securities sub-accounts will be converted into regular trading sub-accounts, while retaining the original asset segregation, login credentials, two-factor authentication (2FA) settings, and withdrawal permissions. After the update, users will be able to freely transfer security tokens between sub-accounts and the main account, and the related assets will also be displayed alongside other digital assets in the exchange wallet.

ChainCatcher news, according to official information, the Solayer Emerald Card has launched personal sub-accounts, allowing one account to open an unlimited number of cards, which can be clearly customized with labels such as savings, shopping, family exclusive, etc., and set different limits, achieving personal limits and spending tracking on one platform.

ChainCatcher message, Binance stated regarding Alpha points that only the main account is eligible to receive Alpha points, and the assets of sub-accounts will be combined into the main account's points. Distributing assets across multiple accounts to obtain more points is not allowed. Therefore, sub-accounts are not independently eligible to receive Alpha points and will not participate in airdrops separately.

ChainCatcher message, Binance Web3 official disclosed that someone obtained Megadrop rewards by purchasing KYC in bulk. After being flagged by the system's risk control, they attempted to consolidate funds into one account to escape, which triggered the risk control again and resulted in a freeze. As of now, a total of 297 main accounts have been banned from the Megadrop event, with one even consolidating up to 9000 KYC sub-accounts."We always insist on keeping the benefits for real users. The funds recovered from malicious witch accounts will continue to be used for project activities to reward real users. We will maintain a high-pressure crackdown on these malicious witches that harm the interests of real users and project parties, and we will never compromise."

ChainCatcher message: Starting from July 1, 2024, 08:00 (UTC+8), Binance will update its Managed Sub-Account feature (MSA). This update includes: asset requirements, fee structure, and the addition of Managed Sub-Account fees.