Abstract The low capacity of current anion‐hosting electrodes makes it challenging to meet future energy requirements. Maintaining the high capacity of ions per unit volume and/or weight is always the ultimate goal for an optimal electrode design. Here, an organic framework is reported that can efficiently co‐store anions and cations in a single discharge/charge process, accompanied with a special cation‐assisted electrode activation process. The inserted cations not only facilitate anion diffusion kinetics, but also make a considerable contribution to the total capacity of the electrodes. This anion–cation co‐storage cathode thus can deliver a high capacity of 530 mAh g −1 at 3.4–1.0 V and a high energy density of 901 Wh kg −1 after 800 cycles (at 0.15 A g −1 ). The understanding of the self‐activation process is expected to inspire electrode design that utilizes anionic–cationic hybrid electrode chemistries beyond current Li‐ion batteries.