Update: In-wallet USDC Exchange has been resumed.
PrimeXBT has temporarily suspended the in-wallet Exchange of USDC due to current market conditions, especially related to the sharply increased volume of USDC exchange operations that would require a significant increase of accounts supporting them.
This is an isolated financial management procedure that does not affect other operations with USDC on PrimeXBT.
Please note that PrimeXBT is not a spot exchange, and in-wallet Exchange is offered for the convenience of our users. USDC Exchange will be resumed once its expected volume returns to a normal level.
All other operations with USDC on PrimeXBT are not affected:
- Deposits and withdrawals of USDC are processed as usual;
- USDC can be used as margin collateral on USDC-denominated Margin accounts and Copy-trading Strategy accounts;
- USDC can be used to follow USDC-denominated Copy-trading Strategies.
Please pay attention to the available margin on USDC-denominated trading accounts. Due to the current devaluation of USDC, the available margin may become insufficient to maintain open positions, leading to liquidations. We recommend reducing market exposure or depositing additional margin collateral if you have highly margined USDC positions in the market.