Extended to Migrate Perpetual DEX Settlement to Circle's Arc Blockchain
- —Extended's settlement migration to Arc is scheduled for the week of October 19
- —USDT and wBTC balances above $1 must be converted by 12:00 UTC on October 21
- —Conversion to USDC or cirBTC earns a 0.50% premium with no swap fees
- —Deposits and withdrawals will pause for about two hours while trading continues
Why it matters: The move signals perpetual DEXs shifting settlement onto institutional-grade L1 networks like Arc, potentially accelerating DeFi integration with traditional markets.
Source: Blockonomi