Extended fully migrates to Arc trading platform with USDC collateral
Summary
Extended has successfully migrated to operate natively on the Arc trading platform, marking a significant upgrade that fully integrates its trading infrastructure. This migration not only enhances performance but also introduces new collateral options, allowing traders to use USDC and cirBTC for transactions.
Tokens
$USDC
Analysis
Arc: Arc is a high-performance trading venue designed to serve as a native platform for applications and protocols. It supports advanced collateral mechanisms including stablecoins and tokenized assets for trading activities. In this development, Extended has fully migrated and is now live on Arc, enabling seamless operations with its specified collateral options. USDC: USDC is a widely used stablecoin serving as a primary form of collateral in digital asset trading environments. It provides stability and liquidity for positions within trading venues. In the news, USDC is utilized as one of the collateral options now available following Extended's migration to Arc. cirBTC: cirBTC functions as a tokenized or collateralized form of Bitcoin used in trading platforms for margin and position backing. It allows participants to leverage BTC exposure without direct asset transfers. It is now active as BTC collateral on Arc after Extended's full platform migration. Extended: Extended is an application focused on trading functionalities that has transitioned its operations to a new native platform. The project emphasizes efficient collateral management for its users. It is now fully migrated and live on Arc, with support for USDC and cirBTC as collateral types. Collateral Options: The migration introduces USDC alongside cirBTC as supported collateral types for trading on the Arc platform. Platform Migration: Extended has completed its transition to operate natively on Arc, enabling full integration with the venue's trading infrastructure.
Categories
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