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Your Cinder account records cash, positions, remaining entry basis, recognized funding and reservations separately. The external venue account carries pooled execution. Opposing customer positions can leave small net venue exposure without eliminating gross customer exposure or positive claims. This is not internal trade matching, an LP share or a separate native account per user. Ordinary trading losses belong to the relevant customer; pooling does not silently authorize sharing another customer’s losses. Owners, private account IDs and payout recipients are governed configuration. There is no signup endpoint. Wallet ownership authenticates access; it does not expose pooled account keys. Risk explains why pooled execution is not economically identical to independent native accounts in every stress scenario.