Introduction
Funds deposited into your USD Fiat wallet via the ACH Pull network (the Instant Deposit function) can now be used for derivatives trading through the Crypto.com app, subject to certain criteria. This allows you to receive instant funding to trade derivatives before your deposit settles. This deposit feature is in addition to your ability to use settled funds in your USD Fiat wallet (deposits via bank transfer) to fund your derivatives contracts. Please visit our Help Center to learn more about the Instant Deposit function and Crypto.com derivatives products.
Who is eligible to use Instant Deposit to trade derivatives?
To use the Instant Deposit function to fund derivatives contracts, you must first be eligible for this function and activate it. Visit our Help Center to learn more about setting up Instant Deposit. The eligibility criteria for using Instant Deposit to finance derivatives contracts are presented below. Based on your eligibility criteria, you will be granted a Derivatives Trading Limit that will be applied to transactions that use Instant Deposit funding (i.e., unsettled funds or Processed Balance). If you're trading settled funds from a bank transfer (i.e., Balance is available), this restriction doesn't apply. Visit our Help Center to learn more about Balance handled and Balance available for Instant Deposits. Crypto.com Visa card per user with periodic
CRO frozen for a few days until the end of the CRO frozen period Holder of a card 180 days from the last date of the Instant Deposit
Limit Derivatives Trading (weekly)
No card or no CRO frozen
N/A
$300
Midnight Blue
N/A
$300
Ruby Steel
N/A
$500
Royal Indigo and Jade Green
<= 60 ימים $500 Royal Indigo ו-Jade Green> 60 Days
$1,000
Frosted Rose Gold and Icy White
<= 60 ימים $500 Frosted Rose Gold ו-Icy White> 60 Days
$5,000
Obsidian & Prime
<= 60 ימים $500 Obsidian ו-Prime> 60 Days
$30,000 Additional Risk Criteria: When you trade derivatives, you must not have any returns of cryptocurrency purchases in the last 120 days or Instant Deposit (USD ACH Pull) returns in the last 90 days. Otherwise, you will not be eligible for a Derivatives Trading Limit (i.e., limit = $0). Example: You have a Frozen CRO for a Royal Indigo cardholder. When you use Instant Deposit to fund your USD Fiat wallet, You have 80 days left in the holding period of the freeze.
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If you have deposited $1,000, you will be eligible for a $1,000 derivatives trading limit.
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If you have cashed in $800, you will still be eligible for a $1,000 derivatives trading limit. But, you can only use $800 unless you have more funds. If you have a $1,200 deposit, you will be eligible for a $1,000 derivatives trading limit. The additional $200 through Instant Deposit will not be able to be used to fund derivatives contracts, but it can be used elsewhere in the Crypto.com app, such as purchasing digital currencies.
If you have 30 days left in the Frozen CRO holding period when you use Instant Deposit to fund your USD Fiat wallet, the additional criteria apply and your limit is reduced.
How does Limit Derivatives Trading work?
Your eligible derivatives trading limit is the maximum exposure you can get to trade derivatives with Instant Deposit each week. When you open a position that returns your USD Fiat wallet and use Instant Deposit funds (i.e., Unsettled Funds or Handled Balance), the cashback will use your limit to trade derivatives. When you close a position that returns a balance in your USD Fiat wallet, the refunded amount will restore the use of your Limit and become available again. Example:
Sequence Number | Description | Eligible Limit | Limit Available | Limit Used | Fiat
Balance— | — | — | — | — | —
1 | You're eligible for a $1,000 derivatives trading limit. You deposit $500 into your USD Fiat wallet with Instant Deposit. | $1,000 | $1,000 | $0 | $500
2 | You open a derivatives position and get $50 back for the trade. | $1,000 | $950 | $50 | $450
3a | Your position closes at a profit and you receive a $100 credit. | $1,000 | $1,000 | $1,000 | $0 | $550
3b | Your position closes at a loss and you get a $20 credit instead. | $1,000 | $970 | $30 | $470
3C | Your position closes at a maximum loss and you receive a $0 credit. | $1,000 | $950 | $50 | $450
How do I know if I have Limit Derivatives Trading available?
On the order input screen, expand the “You Pay” section and tap on the useful Fiat balance information icon. There will be details about the available limit, the limit used, and the eligible limit. Please note that this does not reflect your available balance in your USD Fiat wallet. For example, you are eligible for a $500 derivatives trading limit and have used $30 of it. Your available limit now is $470.
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If you have an Instant Deposit of $1,000, only $470 can be used to trade derivatives. If you have an Instant Deposit of $200, you can only use $200 per transaction unless you deposit an additional $270 to get the full available Limit.
If you are eligible for a Derivatives Trading Limit, you will see a sample pop-up that includes the Available Limit, the Used Limit and the eligible Limit. Please note that this does not reflect your available balance in your USD Fiat wallet.
How are the Instant Deposit eligibility criteria different for buying digital currencies and trading derivatives?
When you have activated Instant Deposit, you can use the function subject to your deposit limits. The eligibility criteria for using Instant Deposit to finance derivatives contracts are in addition to the function offering. You may have deposited the maximum amount for the Instant Deposit function but you can only use this one to trade derivatives. You may also have successfully activated Instant Deposit, but do not meet the eligibility criteria to use it for derivatives trading. In this case, you can still use Instant Deposit to purchase digital currencies.
What happens to my Derivatives Trading Limit if I upgrade the deposit amount of my Crypto.com Visa card?
● Your derivatives trading will be updated the day after you upgrade your card deposit amount.
What happens to my derivatives trading limit if I hold a Crypto.com Visa card but don't have an active deposit?
The active deposit is key to setting your derivatives trading limit. Without an active deposit, your derivatives trading limit will be set as if you don't have a card. For example, if you hold a Royal Indigo card but don't have an active deposit, you'll be eligible for a $300 derivatives trading limit if you meet the additional risk criteria.
How do I know if I am eligible for a Derivatives Trading Limit?
You can check your eligibility and Limit Derivatives trading information on the order input screens when you place a trade for UpDown or Strike Options. On the order input screen, expand the “You Pay” section and tap the icon of useful fiat balance information. If you are eligible for Limit Derivatives Trading, you will see a part of the pop-up model that includes the available Limit, the Limit used, and the eligible Limit. Please note that this does not reflect your available balance in your USD Fiat wallet.
When does the Limit Derivatives trade reset?
● Your eligible derivatives trading is updated daily. Any changes in your eligibility criteria will be reflected the next day. Limit Your available derivatives trading resumes weekly on Sunday at 00:00-00:30 UTC for your full eligible limit.
What happens when my Instant Deposit is settled?
When your Instant Deposit is settled and you have used part of your Derivatives Trading Limit, the settled amount will reduce the Limit used and make it available again.
What happens if my Instant Deposit acclimatization fails?
If your Instant Deposit adjustment fails, you may have a debt balance that needs to be settled. Otherwise, Crypto.com are entitled to liquidate your assets. Please visit our Help Centre for more information on Instant Deposits Outstanding Balance. If you have open derivatives trading positions, rest assured that they won't be affected by the Instant Deposit asset liquidation process described above. When your derivatives positions close, tighten, or expire, any amount returned will be used to offset your outstanding balance. If the refund is greater than the outstanding balance, the remaining amount after the offset will be added to your available balance. If there are no amounts that are repaid (i.e., your position closes at a maximum loss), there will be no impact on your outstanding debt and you will still need to settle it. Failure to meet the Instant Deposit is considered a refund. If your eligibility is subject to the additional risk criteria, it will result in you not meeting the criteria for no Instant Deposit returns in the last 90 days. Please refer to the eligibility criteria for more information.
