Virtual accounts for crypto treasury | Tatum
How do Virtual Accounts work?
Virtual Accounts bypass the slow and congested operations of the blockchain itself. You settle transactions between users without any gas fees on a virtual layer and later efficiently settle them on the blockchain.
Our secret sauce - the way we handle transactions
Customer A buys 1 ETH.
Customer A transfers it to Customer B.
Customer B receives 1 ETH and transfers it to Customer C.
Customer C receives it and uses it for payment to an outside address.
On the Virtual Account level, the amount is deducted from Customer C's virtual account. This is what the customer sees. On the Blockchain level, the amount is deducted from Customer A's blockchain address because Customer A is the one who owned that 1 ETH in the beginning. This is what you see as the owner of the custodial application.
The Virtual Accounts platform
Transactions Deposits Withdrawls Accounts Customers Virtual Currencies
Process millions of transactions the efficient way
Use a powerful off-chain ledger to manage millions of transactions efficiently - everything from payments to swaps to withdrawals - and settle them on blockchain in batches.
Track deposits to virtual accounts
Easily track users deposits across wallets for multiple blockchains. Know exactly what's being deposited to your exchange and when.
Track and process withdrawals from accounts
See which accounts withdraw crypto from your exchange and just how much. It's one simple to use interface that makes managing even thousands of accounts a breeze.
Account Management the Easy Way
With Tatum, it's easy to stay on top of accounts and their deposits, withdrawals, and transactions. This makes work for your team and support hassle-free.
All Customers at a Glance
Your Virtual Accounts dashboards lets you easily find all your customer details and access information like customer country, currency and account state.
Get an Overview of Currencies Held Within Your Exchange
Virtual Accounts make it easy for you to manage your exchange efficiently and understand what's on your balance sheet at a glance.