Drift Fund Launches First Spot Funded Trading Accounts for Crypto Traders

Drift Fund, a crypto‑proprietary trading firm, announced the launch of Spot Funded accounts – the first offering of its kind in the industry. The product lets traders operate in spot markets with real asset exposure and no leverage, providing funding of up to $300,000, a 90% profit split, 24‑hour crypto payouts and a browser‑based terminal. CEO Tim Charkee said, “Spot trading is how most people first enter crypto, yet the entire funded‑account industry skipped over it.”

A separate decentralized perpetual trading platform is promoting a referral program that rewards new users with up to 8,000 USDT, fee‑tier discounts and other bonus incentives when they sign up through an existing participant. The scheme aims to grow liquidity and give traders immediate capital efficiency advantages.