Onramp announced on November 10 the launch of business Bitcoin accounts designed to address operational governance for companies holding Bitcoin. The new offering enables corporate finance teams to manage Bitcoin positions through defined responsibilities rather than treating account access as a single individual's responsibility.
The business account supports up to three named users, role-based permissions, withdrawal approval policies, and an audit trail. The entry-level account carries no monthly charge and features a 0.85% trading fee, with assets held by a qualified custodian. These features separate the initiation of a payment from its authorization, allowing organizations to require approval processes before transfers complete.
Onramp also offers a Treasury tier priced from $375 per month with a 0.65% trading fee. This tier includes vaults in the company's name and uses a structure requiring two of three institutions to move Bitcoin. The company lists custom approval rules as forthcoming for this tier.
The distinction between tiers matters for pricing interpretation. A monthly service charge and trading fee address different operational needs, with cost comparisons depending on assets held, transaction frequency, and the control arrangements a company requires.
Operational approvals within an application function separately from cryptographic signatures that ultimately control key access. Finance teams implementing these systems need to understand both the approval authority their own users can exercise and which parties ultimately control the keys needed to spend assets.
Companies considering custody arrangements should establish documented recovery processes alongside normal withdrawal procedures. Strong controls prove most useful when they align with actual payment and liquidity requirements rather than introducing unnecessary friction into routine operations.
