We recently implemented new features and products:
- USD is now the standard form of payout for realized profits
- New BTC-USD spot market
- USDC deposit enabled
USD is now considered the primary payout currency (previously, realized gains were paid out in BTC). What this means:
1) Payments to traders (realized profit, maker rebates, or swap funding payments) are always paid out in USD
2) Payments collected from traders (realized losses, taker fees, or swap funding payments) are preferentially collected in the following order: USD, USDT, BTC, ETH, EMX. Check detail.
BTC-USD spot market
We launched a NEW BTC-USD spot contract.
USDC deposit enabled
EMX now accepts USDC as collateral, meaning Bitcoin (BTC), Ethereum (ETH), Tether (USDT), TrueUSD (TUSD), USD Coin (USDC) and EMX Token (EMX) are all acceptable forms of collateral on EMX.
TUSD and USDC deposits will be treated as USD for trading purposes, and traders with positive USD balances can withdraw USDC or TUSD directly, or buy BTC to withdraw BTC. Check support detail.