The new service will allow several companies to create additional accounts within one organization with a main account that will control all other accounts associated with it.
In addition, the exchange will set a fixed limit on API limits for each account. Access to the service will be provided only to users with three-level VIP accounts and corporate accounts. VIP levels will be calculated cumulatively and the corresponding discounts will be applied to all additional accounts.
For those who do not know, an API (Application Program Interface) key is the code that is provided by a web service to authorize requests. Basically, if there are private and public API keys, it is usually wise to share the public key when needed and the private key with those you fully trust.
As reported by BTC Manager, the sub account and master account will be able to create, delete and edit their API keys, but only the master account will be allowed to delete all APIs. Likewise, although both accounts can place buy or sell orders, only the master account will be able to cancel all orders, and the secondary account will only be able to cancel its own.
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