Correct. Also to clarify, the actual withdraw process (sending of XMR or BTC) will remain manual, for security. The deposit system for XMR is automated in the sense that XMR is credited immediately to the equivalent M3 after one confirmation, and BTC to B1.
Example to withdraw 1 XMR:GIVE M3 100 New
Example to withdraw 1 BTC:GIVE B1 1000 New