Trade Process

Overview

Trades on the Cybrid Platform let customers buy and sell crypto using fiat funded into their
fiat account. Each trade requires a quote that locks in a price for a short window, then a
POST /api/trades call against the quote guid.

Trades section

End-to-end trade setup

Executing a trade requires one-time customer setup, then a repeatable quote → trade flow.

One-time setup

1. Create a Customer via POST /api/customers.
2. Create fiat and trading Accounts for the Customer via POST /api/accounts.
3. Verify the customer's identity via Persona — see
   Verifying a customer.
4. Connect the customer's bank account via Plaid — see
   Add Customer External Bank Accounts
   and Plaid Integration.

Per-trade

1. Fund the fiat account using a funding transfer (see
   Transfer Process).
2. Generate a quote via POST /api/quotes (see
   Create and execute a trade).
3. Execute a trade against the quote via POST /api/trades.

ℹ️

Sandbox simulation

KYC and Plaid bank connections are simulated in sandbox. Simulated Plaid funding caps each
deposit at $100. See Sandbox trades for trade
limitations and Sandbox transfers for funding
limitations.

Trade settlement

Trade settlement runs in hourly batches between 9 AM and 5 PM ET on weekdays. USDC settles 24/7
on an hourly schedule. See
Crypto Trade Settlement
for the full timeline.