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Instant Deposit for Trading Derivatives
Instant Deposit for Trading Derivatives

Information on using USD Instant Deposit to trade Derivatives (e.g., UpDown Options and Strike Options) in the Crypto.com App.

Support Specialist avatar
Written by Support Specialist
Updated over a week ago

Introduction

Funds deposited into your USD Fiat Wallet via the ACH Pull Network (i.e., the Instant Deposit feature) can now be used for trading Derivatives via the Crypto.com App, subject to certain criteria. This allows you to access immediate 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 (i.e., deposits via bank transfer and wire transfer) to fund your Derivatives contracts.

Please visit our Help Center for more information on the Instant Deposit feature and Crypto.com App Derivative Products.

Eligibility Criteria

Who is eligible to use Instant Deposit for trading Derivatives?

In order to use the Instant Deposit feature for funding Derivatives contracts, you must first be eligible for this feature and enable it. Visit our Help Center for more information on Setting Up Instant Deposit.

The eligibility criteria for using Instant Deposit to fund Derivatives contracts is laid out below.

Based on the eligibility criteria you meet, you will be granted a Derivatives Trading Limit that will apply to trades which use Instant Deposit funding (i.e., unsettled funds or Pending Balance). If you are trading with settled funds from a bank or wire transfer (i.e., Available Balance), this limit does not apply.

Please visit our Help Center for more information on Pending Balance and Available Balance for Instant Deposits.

User’s Crypto.com Visa Card tier with an ongoing cardholder CRO Lockup

No. of days to the end of User’s 180-day cardholder CRO Lockup holding period from the most recent Instant Deposit date

Derivatives Trading Limit (Weekly)

No Card or No CRO Lockup

N/A

$300*

Midnight Blue

N/A

$300*

Ruby Steel

N/A

$500*

Royal Indigo and Jade Green

<= 60 days

$500*

Royal Indigo and Jade Green

> 60 days

$1,000

Frosted Rose Gold and Icy White

<= 60 days

$500*

Frosted Rose Gold and Icy White

> 60 days

$5,000

Obsidian and Prime

<= 60 days

$500*

Obsidian and Prime

> 60 days

$30,000

*Additional risk criteria: When placing a Derivatives trade, you must not have any cryptocurrency purchase chargebacks within the last 120 days, or any Instant Deposit (USD ACH Pull) returns within the last 90 days. Otherwise, you will not be eligible for a Derivatives Trading Limit (i.e., limit = $0).

To illustrate with an example:

You have an ongoing cardholder CRO lockup for a Royal Indigo card. When you use Instant Deposit to fund your USD Fiat Wallet, you have 80 days left on your lockup’s holding period.

  • If you deposit $1,000, you are eligible for a Derivatives Trading Limit of $1,000.

  • If you deposit $800, you are still eligible for a Derivatives Trading Limit of $1,000. However, you will only have $800 to use unless you deposit more funds.

  • If you deposit $1,200, you are eligible for a Derivatives Trading Limit of $1,000. The additional $200 via Instant Deposit will not be able to be used for funding Derivatives contracts, but it can be used elsewhere in the Crypto.com App. For example, buying cryptocurrency.

If you have 30 days left on your cardholder CRO lockup holding period when using Instant Deposit to fund your USD Fiat Wallet instead, the additional risk criteria applies and your limit is reduced.

You will be eligible for a Derivatives Trading Limit of $500, subject to you not having any cryptocurrency purchase chargebacks within the last 120 days or any Instant Deposit return within the last 90 days when placing a derivatives trade. Otherwise, you will not be eligible for a Derivatives Trading Limit (i.e., limit = $0).

Trading Derivatives with Instant Deposit

How does the Derivatives Trading Limit work?

Your Eligible Derivatives Trading Limit is the maximum exposure you can have to Derivatives trading using Instant Deposit every week. When you open a position that debits your USD Fiat Wallet and uses Instant Deposit funds (i.e., unsettled funds or Pending Balance), the debited amount will use your Derivatives Trading Limit. When you close a position that credits your USD Fiat Wallet, the credited amount will recover your used Derivatives Trading Limit and make it available again.

Example:

Sequence No.

Description

Eligible Limit

Available Limit

Used Limit

Fiat Balance

1

You are eligible for a Derivatives Trading Limit of $1,000. You deposit $500 into your USD Fiat Wallet with Instant Deposit.

$1,000

$1,000

$0

$500

2

You open a Derivatives position and are debited $50 for the trade.

$1,000

$950

$50

$450

3a

Your position is closed at profit and you are credited $100.

$1,000

$1,000

$0

$550

3b

Your position is closed at loss and you are credited $20 instead.

$1,000

$970

$30

$470

3c

Your position is closed at max loss and you are credited $0.

$1,000

$950

$50

$450

How do I know if I have an available Derivatives Trading Limit?

On the order input screen, expand the “You Pay” section and tap on the Usable Fiat Balance information icon. There will be information on your Available Limit, Used Limit, and Eligible Limit. Do note that this does not reflect your available balance in your USD Fiat Wallet.

For example, you are eligible for a Derivatives Trading Limit of $500 and used $30 of it. Your Available Limit is now $470.

  • If you have an Instant Deposit of $1,000, only $470 can be used for trading Derivatives.

  • If you have an Instant Deposit of $200, you can only use $200 for the trade unless you deposit $270 more to access the full Available Limit.

If you are eligible for a Derivatives Trading Limit, you will see a section in the pop-up modal that includes your Available Limit, Used Limit, and Eligible Limit.

Do note that this does not reflect your available balance in your USD Fiat Wallet.

Common Questions

How does the Instant Deposit eligibility criteria differ for buying cryptocurrency and trading Derivatives?

When you have enabled Instant Deposit, you will be able to use the feature subject to your deposit limits. The eligibility criteria for using Instant Deposit to fund Derivatives contracts is in addition to the feature offering.

You may have deposited the maximum amount for the Instant Deposit feature but can only use a subset of that for trading Derivatives. It is also possible that you have successfully enabled Instant Deposit, but do not meet the eligibility criteria for using it to trade Derivatives. In this case, you can still use Instant Deposit to buy cryptocurrency.

What happens to my Derivatives Trading Limit if I upgrade my Crypto.com Visa Card lockup amount?

Your Derivatives Trading Limit will be updated on the day after you upgrade your Card lockup amount.

What happens to my Derivatives Trading Limit if I hold a Crypto.com Visa Card but have no active Card lockup?

The active Card lockup is key to determining your Derivatives Trading Limit. Without an active Card lockup, your Derivatives Trading Limit will be determined as if you do not have a Card.

For example, if you hold a Royal Indigo Card but have no active Card lockup, you are eligible for a Derivatives Trading Limit of $300, subject to you meeting the additional risk criteria.

How will I know if I am eligible for a Derivatives Trading Limit?

You will be able to check your eligibility and Derivatives Trading Limit information on the order input screens when placing a trade for UpDown or Strike Options.

On the order input screen, expand the “You Pay” section and tap on the Usable Fiat Balance information icon.

If you are eligible for a Derivatives Trading Limit, you will see a section in the pop-up modal that includes your Available Limit, Used Limit, and Eligible Limit.

Do note that this does not reflect your available balance in your USD Fiat Wallet.

If you are not eligible for a Derivatives Trading Limit, you will not see the Instant Deposit Derivatives Limit section.

When does the Derivatives Trading Limit reset?

Your Eligible Derivatives Trading Limit is refreshed daily. Any changes to your eligibility criteria will be reflected on the following day.

Your Available Derivatives Trading Limit is refreshed weekly on Sunday 00:00-00:30 UTC to your full Eligible Limit.

What happens when my Instant Deposit is settled?

When your Instant Deposit is settled and you have used some of your Derivatives Trading Limit, the amount settled will offset the Used Limit and make it available again.

What happens if my Instant Deposit settlement fails?

If your Instant Deposit settlement fails, you may have an Outstanding Balance that will need to be settled. Otherwise, Crypto.com has the right to liquidate your assets. Please visit our Help Center for more information on the Outstanding Balance for Instant Deposits.

If you have any open Derivatives trade positions, rest assured that they will remain unaffected by the Instant Deposit asset liquidation process noted above.

When your Derivative positions are closed, knocked out, or expired, any credited amount will be used to offset your Outstanding Balance. If the credited amount is more than the Outstanding Balance, the remaining amount after the offset will be added to your Available Balance.

If there are no amounts credited (i.e., your position is closed at max loss), there will be no impact to your Outstanding Balance and you will still need to settle it.

An Instant Deposit settlement failure is considered a return. If your eligibility is subject to the additional risk criteria, this will result in you not meeting the criteria for having no Instant Deposit returns in the last 90 days. Please refer to Eligibility Criteria for more information.

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