Depositing/Withdrawing Funds to Your Cobia Account
Depositing into your Account
All users - whether traders or liquidity providers - must deposit funds into their Cobia account before using the platform.
Note: this does not mean that Cobia gets ownership of your assets. Cobia is a non-custodial exchange and users retain full ownership over their funds via ERC-20 tokens called chips (read more: Chips: Cobia Utility Tokens).
Withdrawing from your Account
Users can withdraw funds from their accounts at any time. To do so, users submit a withdrawal transaction from the wallet holding their chips. Chips are then taken from the user's wallet and burned, with the corresponding amount of funds being released from Cobia to the user's wallet as soon as the transaction settles.