Today we're excited to welcome Petrobras to the WCX family!

Petrobras (PBR) is the largest Brazilian petrol company and operates in several lines of business, including refinery, production, distribution, and biofuels.

Trade it with BTC: http://wcex.com/trade/PBR

We're extremely excited to welcome Slack to the WCX family!

Slack made its debut today on the NYSE through a direct listing under the $WORK symbol. The starting price was set at $26, but it's now trading at over $40. 🔥

Trade Slack with bitcoin here: https://wcex.com/trade/WORK

Welcome to the WCX family, Platinum!

Platinum is one of the rarest metals on Earth and is used primarily in cars to reduce toxic gases and pollutants.

Starting today, you can trade it with bitcoin: http://wcex.com/trade/XPT-USD

We're pleased to welcome BCH/USD to the WCX family! Starting today, you can go long or short BCH/USD with up to 20x leverage.

Get started here: https://wcex.com/trade/BCH-USD

Stocks are now available with extended after-hours trading, up till 8PM New York time. Perfect for earnings days.

UBER trading is now live on WCX!!

Long or short it with BTC. Up to 15x leverage.

https://wcex.com/trade/UBER

We're excited to announce that we'll be offering Uber trading with BTC when it goes public on the NYSE on May 10.

https://medium.com/@wcxofficial/trade-the-uber-ipo-with-bitcoin-73263c482093

https://ambcrypto.com/bitcoin-btc-to-be-offered-as-collateral-during-ubers-initial-public-offering-ipo/

We plan to add the high cap stocks from Paris Euronext some time this quarter.

More buzz in Turkey around WCX. For our Turkish bitcointalk readers. https://www.youtube.com/watch?v=3XpjUtLol-g

US T-notes and 30-year T-Bond have been added to WCX. You can now trade them with bitcoin!

Learn more in our blog post: https://medium.com/@wcxofficial/trade-us-bonds-with-bitcoin-8313e1336c4b

Thanks for the suggestions. We have plenty more markets coming, including lots of cryptos to long and short with BTC. Also FX pairs and international equities.

1. There are no fees to buy/sell on WCX. Keep in mind that you don't actually own the stock. You go long or short, expecting to make a profit in BTC on the underlying price movement of the stock.

2. Hot wallets are fully insured. 98% of funds are stored in cold wallets which are out of reach of attackers. We require KYC and have an AML program in place led by Chainalysis, the largest crypto AML company. We think having KYC/AML is the only way to ensure survival in the long term and do good with the laws and regulations that are currently in place.

3. Decay is similar to "funding" except it's not charged at a set time during the day, rather the timer starts from when you open a position, and it's levied every 8 hours from then on. This is more advantageous than charging at set times because you can open a position for a full 8 hours and not get decay on it.

In practice decay has little effect on your P/L except if you hold for periods over 3-4 months, which I don't think you'd want to do anyway with high leverage.

4. Dividends are not paid out. This is on our roadmap though (paying out dividends in BTC for people who go long on stocks). Still need regulatory approval for this.

The ICO ended in May last year.

Xt benefits from a continuous buyback program: https://docs.wcex.com/company/x-token.

Regarding decay, it is actually calculated automatically based on 1D-volatility. Markets like EUR/USD have 0.01% decay most of the time. In practice, decay makes very little difference on your position as long as you don't hold it months on end.

There are no commission payments at this time for holding XT, as that would make it a security, but we are looking at different things of the sort, including rebates/bonuses like BNB.

1/ This is on our roadmap. Currently it tops up your demo balance to 10 BTC if it's below that amount.

2/ Please see here for what's required in KYC: https://docs.wcex.com/id-verification.

3/ We don't currently have plans for ETH funded derivatives - we don't think ETH is the right fit for that. Stablecoins are on our roadmap, perhaps not USDT, but something with more oversight like USDC.

Yeah, no - we have nothing to do with those accounts. We've responded to your issue several times already @shaw1.

IF YOU ARE A US RESIDENT, you cannot use XT or WCX due to regulations. Don't blame us. Call your congressman/woman.

IF YOU BOUGHT XT at the ICO, you can take it, wherever you are.

BUT... it does not seem you even BOUGHT XT at the ICO.

If you're telling us you referred spam and expect payment, we have bad news for you.

But if you referred legitimate folks who BOUGHT XT at the ICO, and this is the last time I can say this because I've said it so many times already... CONTACT OUR SUPPORT TEAM. support@wcex.com

Thanks.

If you invest say 10 BTC in a short position, and price goes down 10%, you make 10% * 10 BTC = 1 BTC. If price had gone up, you'd have lost that same amount.

If you expect prices to go up, you go long; if you expect prices to go down, you go short.

The liquidation is the price at which your position loses 80% - that's when it is auto closed to cover your margin.

Again... we're not tied to the ICO here. It was run by separate people. If you have an issue with your account please bring it up with them separately. You can also join the Telegram group where there are many token holders.

There are 0 fees to place trades, deposit, or withdraw. The way we make money is through the bid-ask spread, which in most cases is even lower than an exchange's spread (and considering the fact an exchange charges a fee in addition to the spread).

What's bid/ask? What's the spread?

In any market, on any platform, the bid price is the price at which you can currently sell, and the ask price is the price at which you can currently buy. The spread is the difference between the bid and the ask.

If you were to buy at the ask price and resell immediately, you would resell at the bid price and hence your trade would be down by the (ask-bid), which is the spread. That's why the spread is considered a natural "cost" in any trading activity.

Liquidity pool – why it's better than an orderbook

When you trade on WCX, the losses you make are added to a common liquidity pool, which in turn is used to pay out profits. Any time a transaction is made through the liquidity pool (adding loss or paying profit on a trade), the spread from that amount is retained.

As explained in our OP, in the large majority of cases, trading with a common liquidity pool is much more efficient and cheaper than trading an orderbook, because of the many costs you incur when placing a market order against an order book (in addition to the spread): slippage, getting filled at a worse price than you want, partial execution, and fees.

When trading "against" the liquidity pool, there are no fees, there is no slippage, and all orders are executed fully at the price that is quoted to you.

You can think of it as an always-accessible, automatic OTC desk with no minimum order size.

Again - you're confusing us with the WCX ICO. This was run by separate people - which is why I'm trying to refer you to them. I'm not familiar with your case and can't help you with your issue here I'm afraid.

You're confusing us with an ICO – this thread is not about XT and we're not an exchange. If you have questions about your previous XT tokens please contact support@wcex.com and they can put you in touch with the right people.