Lantern Trading and Custody Is Here

Starting today, Lantern clients can buy, sell, hold, and manage crypto directly inside Lantern.

This is a big step toward making Lantern a more complete financial platform for crypto holders. You can both safely borrow against your assets and actively manage them.

With Lantern Trading & Custody, users can now:

• Buy and sell supported crypto assets

• Hold USD in a Lantern trading balance

• Use USD balances toward loan payments, including principal or interest

• Move funds between their trading wallet and loan account as collateral

• Borrow loan proceeds directly into their trading balance

Supported assets at launch include BTC, ETH, XRP, SOL, LTC, DOGE, LINK, and XLM.

Trading fees are 1.00% on buys and sells. Buy limits are currently set to $25,000 per day and $500,000 per month, with a $100,000 daily sell limit.

We expect to increase both trading limits and the number of supported assets soon. If you need to make a larger one-off purchase or sale, please reach out to Lantern’s support team, and we can increase your limit temporarily.

Your Lantern loan collateral and loan account assets will continue to be held with BitGo, as before. Trading and custody assets are separate from your loan collateral custody and will be held using Fireblocks' custody infrastructure, which is supported by certain institutional insurance policies subject to policy terms, limits, and exclusions.

Trading and custody are not currently available to residents of New York and Vermont and business users. We expect both New York and business-user support to become available in the coming months, with Vermont following at a later date.

If you have questions or run into any issues, you can reach the Lantern customer support team at [email protected] or by call/text at 415-365-0100.

For more details, see the full guide here: https://lantern.finance/blog/how-trading-and-custody-works-on-lantern

The guide covers how to navigate the new features, supported assets, fees, limits, custody, insurance, internal transfers, and more.

In addition, we’ve published FAQs for trading and custody here: https://lantern.finance/blog/trading-and-custody-faq

In addition, we are also publishing a guide on security best practices, which you can find here: https://lantern.finance/blog/security-best-practices-for-trading-and-custody

Lantern started with crypto-backed loans. Trading and custody are the next step: one platform to hold, borrow, trade, and manage your crypto.