IBIT Funding Account Introduction

IBITTERS,

IBIT is scheduled to launch the new funding account feature! Serving as a multi-chain wallet, the Funding Account facilitates multi-chain storage. Using all assets as margin carries some trading risks, even though the Unified Trading Account significantly improves the efficiency of utilizing funds. By storing cryptocurrencies in the Funding Account, it is possible to effectively isolate trade risks and ensure fund security.

What is a funding account?

IBIT is dividing asset accounts into two distinct accounts: [Unified Trading Account] & [Funding Account]. The former is primarily for trading digital assets, while the latter is for storing primary assets. The Funding Account provides more options for asset usage and offers higher stability and security.

Key Functions

1. Support for multi-chain storage of digital assets
2. Support for deposit and withdrawal of digital assets

Notes:

1. The two accounts serve different purposes and are independent of each other. To facilitate fund transfers between the two accounts, users need to transfer funds. For trading, funds from the Funding Account need to be transferred to the Unified Trading Account to participate in digital asset trading.
2. When users deposit digital assets into the IBIT platform, the funds are automatically stored in the Unified Trading Account, allowing IBIT users to trade directly. If users wish to store funds in the Funding Account, they need to transfer them accordingly.
3. Funds in the Funding Account cannot be used as margin for trading. If additional margin is required, it needs to be transferred to the Unified Trading Account.
4. Both the Unified Trading Account and the Funding Account support deposits and withdrawals.
5. For more information about the IBIT Unified Trading Account

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