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Onboarding Checklist: From Signup to First Trade

This guide walks you through the complete onboarding process for trading CBTC on Canton, from initial signup to your first live trade. Expected timeline: 1 to 2 weeks depending on your firm’s readiness and chosen venue.

Step 1: Express Interest

Section titled “Step 1: Express Interest”

Complete the CBTC Signup Form bitsafe.typeform.com/to/NsiwLKIY This registers your firm’s interest and triggers outreach from the BitSafe BD team. You will be contacted to discuss your trading goals, preferred venues, and technical requirements.

Step 2: Execute Agreements

Section titled “Step 2: Execute Agreements”

Sign the MSA

  • Master Service Agreement (MSA): Standard commercial terms for using BitSafe services
  • KYC/AML: Complete any required compliance checks Contact sales@bitsafe.finance if you have questions about the agreements.

Step 3: Set Up a Canton Wallet

Section titled “Step 3: Set Up a Canton Wallet”

Choose and configure your wallet You need a Canton-compatible wallet to hold and transact with CBTC. Options for institutional traders:

Wallet Type Best For
Zoro Self-custody Firms wanting SDK/API access and full control
Console Self-custody Browser-based with clear signing and risk checks
Loop Self-custody Web-based, no extensions needed, open source SDK
Cantor8 Enterprise custody Multi-signature security and regulatory compliance
For the full list of Canton wallets and SDK/API documentation, see the Canton DeFi Ecosystem guide.

Step 4: Acquire CBTC

Section titled “Step 4: Acquire CBTC”

Get CBTC into your wallet Two paths depending on your infrastructure: Option A: OTC Purchase (fastest, no Canton node required)

  • Initiate a cross-chain CBTC swap with Trngle or an OTC purchase through Elk Capital
  • Ideal for firms without a Canton validator node
  • Contact Elk Capital for spread negotiation based on expected volume Option B: Direct Minting (requires Canton validator node)
  • Install the mint/burn software on your validator node
  • Call Rust APIs via cbtc-lib to mint CBTC directly from BTC
  • More cost-effective for high-volume operations
  • See the developer documentation at docs.bitsafe.finance/product-suite/cbtc for technical details

Step 5: Choose and Connect to a Venue

Section titled “Step 5: Choose and Connect to a Venue”

Select your trading venue and integrate See Selecting a Trading Venue for the full comparison. Quick summary:

  • Elk / Trngle (RFQ) - Institutional OTC, negotiable spreads, custom pairs
  • Temple Digital (CLOB) - Order book trading, 40% bonus reward share
  • Tradefast (AMM) - Uniswap V2 style, fastest integration
  • Bron - Intuitive interface, quick onboarding Each venue has its own API documentation and onboarding process. The BitSafe BD team will facilitate introductions.

Step 6: Start Trading

Section titled “Step 6: Start Trading”

You are live.

  • Begin trading on your chosen venue
  • Every trade, swap, and lending transaction earns Canton Coin rewards
  • Rewards are transaction-count-based, not volume-based. High-frequency strategies earn more.
  • Review the Prop Desk Playbook for strategy recommendations Recommended first trades:
  • CBTC/USDXLR (primary pair, earns rewards from both assets)
  • CBTC/USDCx (familiar stable pairing)
  • CBTC/CC (Canton Coin exposure)

Questions?

Section titled “Questions?”

ℹ️ Disclosures Target yields are not guaranteed. Canton Coin rewards depend on network activity, token economics, and market conditions. Strategies carry risk; conduct independent due diligence. This is not investment advice.