Since Q4 2021, BitMEX users have had the option of depositing and withdrawing one type of stablecoin: Tether. However, that changes today with the arrival of USD Coin.
It’s an addition that means users can now do the following via BitMEX Mobile and Web:
- Buy USDC in minutes with 30+ currencies, via our fiat gateway partners (Banxa and Mercuryo).
- The fiat currencies we currently support are: AED, ARS, AUD, BRL, CAD, CHF, CZK, DKK, EUR, GBP, GHS, HKD, IDR, INR, JPY, KES, MXN, MYR, NGN, NOK, NZD, PHP, PLN, QAR, SAR, SEK, SGD, THB, TRY, TWD, TZS, UAH, UGX, USD, VND, and ZAR.
- Convert USD Coin into Tether / Bitcoin (XBT) – and vice versa – with no hidden fees or the need to worry about slippage.
- This new addition allows users to quickly and easily convert their USDC on BitMEX, so they can focus all of their attention on trading Bitcoin- and Tether- margined crypto derivatives and/or access spot trading pairs.
- Deposit and withdraw USD Coin on the Ethereum network via their BitMEX Wallet. The minimum deposit/withdrawal amount is as low as 1 USDC.
The introduction of USD Coin support is all part of our ongoing focus to enhance the versatility and accessibility of our platform. That’s why we’re working hard behind the scenes to broaden our range of spot trading pairs (e.g. TRX/USDT), derivatives listings, etc… The list keeps growing.
Note: BitMEX now supports USDC on the Ethereum network only. Multi-network support for USDC is in the pipeline.
To learn more about USDC support on BitMEX, read our blog.