Onramp Launches Business Bitcoin Accounts With Team Withdrawal Approvals
Summary
Onramp launched a business Bitcoin account with up to three named users, role-based permissions, withdrawal approvals and an audit trail. The entry tier has no monthly fee, charges a 0.85% trading fee and uses a qualified custodian. Its separate Treasury tier starts at $375 monthly, charges 0.65% per trade and uses a two-of-three institutional custody structure; custom approval rules are listed as forthcoming. The launch highlights the distinction between application-level user approvals and the underlying custody and signing arrangements. Businesses must assess key control, recovery procedures, costs and liquidity needs before choosing a service.
