Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list SCA (Scallop) on Mar 8, 2024. The details are as follows.
List Time
1. Deposit: 10:00 on Mar 8 (UTC)
2. Withdrawal: 10:00 on Mar 9 (UTC)
3. Trading pair: SCA/USDT
4. Opening method: Call Auction
a. Call Auction
10:00-10:50 Mar 8 (UTC)
Orders can be placed and canceled
10:50-11:00 Mar 8 (UTC)
Orders can be placed but cannot be canceled
b. Trading
11:00 Mar 8 (UTC)
About SCA
Scallop is a peer-to-peer Money Market for the Sui ecosystem.
By emphasizing institutional-grade quality, enhanced composability, and robust security, Scallop is building a dynamic money market that offers high-interest lending, low-fee borrowing, AMM, and digital asset self-administration tool on a unified platform and offering an SDK for professional traders.
Scallop offers the flexibility for every user's Sui address to access up to 5 sub-accounts, including the primary account. This enables users to efficiently self-administer multiple positions concurrently. Once a user holds ""Scallop Obligation Key"", they can deposit into any sub-account without the need for repetitive approvals. Furthermore, no approvals are necessary to transfer assets and liabilities between sub-accounts, empowering users to easily isolate and segregate their collateral and debts according to their preferences.
About Automated Market Making (AMM)
AMM is supported for the SCA/USDT market. CoinEx AMM allows every user to become a market maker. By adding liquidity to the liquidity pool, users can share 50% of the trading fees earned in this market. The fee dividends are calculated daily. Learn about AMM >>
Risk Reminder
Crypto products are innovative investment products with large price fluctuations as well as high investment risks. Therefore, please evaluate and invest wisely based on your risk tolerance and financial resources.
CoinEx reserves the final interpretation of this announcement.
CoinEx Team
Mar 8, 2024
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