According to Bitcoin Magazine, Onramp has launched Onramp Business, a corporate Bitcoin account featuring verified user identities, role-based permissions, and dual-party withdrawal approvals. The basic account carries no account fees but charges a 0.85% trading fee, with Bitcoin stored in cold storage by qualified custodians. Multi-institutional custody is available under the separately priced Onramp Treasury service, which utilizes a 2-of-3 institutional approval mechanism. The basic account should not be misconstrued as offering fee-free trading or including multi-institutional custody.