Running Multiple Crypto Strategies Across Exchange Portfolios
Summary
The guide explains how to operate several automated trading strategies or crypto baskets at once through OctoBot Cloud. It presents diversification across strategy types, asset baskets, and exchanges as a way to spread exposure and reduce dependence on one venue or coin. Each exchange portfolio can be assigned only one strategy or basket, which is intended to prevent strategies from interfering with one another.
To run more than one bot, users can connect separate exchanges or split an account into distinct portfolios. The guide describes Binance subaccounts and Coinbase wallets as ways to create separate portfolios on a single exchange account, each with its own API access. It gives platform-specific examples, including a stated limit of up to ten Binance subaccounts, but offers no performance data showing that multiple strategies improve returns or reduce risk. Diversification benefits depend on the strategies’ exposures and how they behave together; running more bots alone does not ensure lower risk.
Key ideas
- Each exchange portfolio can run only one strategy or crypto basket at a time.
- Multiple strategies can be distributed across exchanges to diversify venue and asset exposure.
- Separate Binance subaccounts or Coinbase wallets can provide distinct portfolios within one exchange account.
- The guide presents diversification as a potential risk-management benefit but supplies no performance evidence.
- Strategies may still share correlated exposures even when they run in separate portfolios.
Tags
Full text
# Having multiple OctoBots --- title: "Having multiple OctoBots" description: "Learn how to run multiple trading strategies to optimize your gains and reduce risk. Use OctoBot cloud to run many strategies for free." sidebar_position: 7 --- # Having multiple OctoBots When using OctoBot cloud, you can have as many strategies or crypto baskets as you wish.  While there is nothing mandatory, you can very well use one strategy at a time, it is usually better to use more than one investment strategies. On this point, investment automation is really profitable as it allows you to easily run many strategies simultaneously. ## Benefits of running multiple OctoBots On OctoBot cloud, running one or many trading strategies is always free. Therefore there is no real reason not to do it. If you think it can be profitable for you, then you are free to do it at no cost. Running multiple OctoBots at the same time has many advantages, it allows you to: 1. Diversify your investments by profiting from other type of strategies or basket themes, therefore lowering risks 2. Trade on different exhanges at the same time, allowing to reduce the risk of exchange issues 3. Trade different assets and therfore increase your chances of investing the next crypto gems while reducing risks associated to each traded coin Overall, using multiple OctoBot is very similar to the popular saying of "not putting all your eggs in the same basket". ## How to run multiple OctoBots When running a strategy or a crypto basket on [octobot.cloud](https://www.octobot.cloud/), there is only one rule: :::info Only one strategy or crypto basket per exchange portfolio. ::: This means that you can run as many simultaneous strategies or baskets as you want, as long as they are running either on different exchanges or using different portfolio on the same exchange account. > Why are we enforcing this ? > Simply to avoid interference between strategies and let OctoBots operate on their full potential. ### Using different exchanges To use different OctoBots, you can just connect different exchanges to your OctoBot cloud account. You will then be able on run a strategy or a crypto basket on each exchange account. You could for example run a high-risk, high-reward IA-based strategy on Binance and a low-risk, safe grid strategy on Kucoin. This also reduces the risks associated to holding your funds on a single exchange. ### Running multiple OctoBots on Binance You can also run multiple strategies on the same Binance exchange account by using subaccounts. With subaccounts, you can quickly and easily split your funds between multiple portfolios within the same exchange, enabling you to use many strategies or crypto baskets on the same Binance account. <div style="text-align: center">  </div> For example, Binance allows you to have up to 10 subaccounts. You can then run up to 11 simultaneous strategies or baskets on your Binance account: one on your main account and 10 on your subaccounts. :::info Wondering how to create a Binance subaccount ? Binance subaccounts are now open to everyone, <a href="https://www.binance.com/support/faq/binance-sub-account-functions-and-frequently-asked-questions-360020632811" rel="nofollow">checkout this guide</a>. ::: ### Running multiple OctoBots on Coinbase To run multiple strategies on the same Coinbase account, just use different wallets: each of them can be bound to an OctoBot. <div style="text-align: center">  </div> Create as many wallets as you need from the <a href="https://www.coinbase.com/advanced-portfolio" rel="nofollow">Coinbase portfolio interface</a> and create API keys bound to those wallets to make your OctoBot trade on it. <div style="text-align: center">  </div>
Shown in full with attribution under the source's licence. Licence: GPL-3.0
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.