BTC-e Empowers Veteran Investors with Advanced PAMM Trading Account

BTC-e has launched new PAMM accounts to allow for more sophisticated trading on its platform.

AccessTimeIconJun 25, 2014 at 6:51 p.m. UTC
Updated Sep 11, 2021 at 10:55 a.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

BTC-e, the popular and highly secretive Europe-based digital currency exchange, has launched a new service to add percent allocation management module (PAMM) accounts to its platform, a move that effectively allows site traders to become money managers for other users.

BTC-e stated that the launch of PAMM accounts adds a "proven and effective" money management tool to the website, one used in traditional currency exchange markets.

PAMM account providers will be able to open account pages, which are then ranked based on performance and stability. Subscribers then search BTC-e for account providers that meet their risk and capital requirements before finally investing in a performance strategy. Profits are divided between the account provider and subscribers.

The exchange went on to suggest that it expects the offering to appeal to the wide range of traders who currently use the site to trade bitcoin, litecoin and host of additional altcoins, stating:

"Whether you are a professional trader, or a beginner, PAMM technology opens up new opportunities for you to make profit from bitcoin trading."

The launch of the PAMM service, together with its multi-currency trading accounts on 2nd June, follows a period of relative quiet for the exchange, which faced criticism in the wake of the collapse of Japan-based bitcoin exchange Mt. Gox for its lack of customer transparency and simplistic site design.

PAMM providers

The exchange noted that providers will gain a number of benefits from using the new PAMM accounts.

For example, BTC-e says providers can create multiple offers and conditions to interact with different pools of subscribers, thereby attracting investors with different risk attitudes and investment capabilities. Subscribers also receive automatic distribution of profits, a feature BTC-e says will allow providers to focus on generating successful strategies.

Providers are further protected against any infringement on their trading strategies. BTC-e says followers cannot "duplicate [a] trading strategy beyond [the] PAMM service", though the site doesn't suggest how this is achieved.

BTC-e suggests that launch of its multi-currency, Meta Trader 4 terminal earlier this month also played a role in supporting its newest offering. The terminals, the site says, will allow providers to trade funds.

PAMM subscribers

Subscribers will be given tools for evaluating provider accounts that BTC-e hopes will replace the need for these individuals to understand the intricacies of trading.

BTC-e notes it will provide "visual graphs" and "accurate statistics" on providers so that beginners can engage with more experienced traders.

Subscribers, it says, will then have the flexibility to withdraw money from a provider at any time so that they may select another offering suitable to their needs.

The site also suggests more updates to the program may be on the way, as an "Agent" section visible on the site includes tabs for referrals and commissions, which may be available to incentivize those who engage with its community of PAMM account users.

Investor image via Shutterstock 


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.