# Novig coins and Novig Cash: what changed > Independent. Not affiliated with, endorsed by or sponsored by Novig. Canonical: https://novigapi.com/guides/novig-coins-vs-cash Facts checked: 2026-11-12 Novig coins no longer exist: Novig retired both Novig Coins and Novig Cash when it became a real-money exchange, and any remaining Novig Cash balance was converted to US dollars. Novig's help article dated 1 Oct 2026 says all activity now runs through a single real-money account with the balance shown in USD. (Source: [Novig Help Center: What is Novig?](https://support.novig.com/en/articles/10336081-what-is-novig)) ## What the two currencies were Until early August 2026 Novig operated a sweepstakes-style product. Players bought coin bundles and also held a redeemable currency called Novig Cash, and taking money out meant redeeming prizes against a minimum, as OddsShopper described the old model. Search results for novig coins still surface guides, videos and forum threads from that period, which is why the question keeps coming up. ## What changed and when Novig before and after the relaunch | | Sweepstakes era (to Aug 2026) | Exchange (checked 12 Nov 2026) | | --- | --- | --- | | Currencies | Novig Coins and Novig Cash | US dollars only | | Getting money in | Buy coin bundles at set price points | Deposit any amount by bank, stablecoin, card or Apple Pay | | Getting money out | Redeem Novig Cash as prizes | Withdraw dollars by bank, debit card or Venmo, $10 minimum | | Legal basis | Sweepstakes rules | CFTC-designated contract market | | Promotional value | Coins | Trade Credits, which cannot be withdrawn | The CFTC designated Ludlow Exchange, LLC, the exchange behind Novig, on 16 June 2026, and Novig launched its federally regulated market nationwide on 4 August 2026. Novig's help center now answers the question directly: both currencies are retired, all activity runs through one real-money account, and the balance shows in USD. ## What happened to old balances Novig says any remaining Novig Cash balance was converted to US dollars, so a Novig Cash holder did not lose that balance; it became a dollar balance subject to today's rules. Novig's article mentions conversion only for Novig Cash. It does not say Novig Coins were converted, and we found no Novig statement giving coins a cash value, so do not assume an old coin balance became dollars. If you held either currency and your balance looks wrong, Novig's support team is the only party that can check your account. ## Trade Credits are the new promotional currency Novig's promotions now pay out in Trade Credits. Its help center says Trade Credits expire, can be restricted to trades priced above a minimum, and cannot be withdrawn; they can only be applied toward a trade. OddsShopper, citing Novig's portfolio rules, describes the portfolio balance as wallet balance plus open positions plus Trade Credits, while only the wallet balance can be withdrawn. That split explains most cases where an account looks larger than its withdrawable cash. ## Timeline - Before August 2026: Novig runs a sweepstakes product with Novig Coins and Novig Cash. - 16 June 2026: the CFTC designates Ludlow Exchange, LLC as a contract market. - 4 August 2026: Novig launches its federally regulated, real-money market nationwide; both sweepstakes currencies are switched off. - 1 October 2026: Novig's help center states that both currencies are retired and the account balance shows in USD. ## Why the coins had to go A sweepstakes model depends on a free-to-play currency and a separate prize currency, which is how such apps operate outside gambling law. A designated contract market works on different rules: customers deposit dollars, trade contracts that pay dollars and withdraw dollars, with identity checks under federal requirements. Running two play currencies alongside a regulated exchange would make little sense, so the switch to the exchange model ended them. That is our reading of the change; Novig's help center states the outcome but not the reasoning. ## How to read an old article - Any mention of coin bundles, redemption minimums or playthrough before cashing out describes the retired product. - Any withdrawal minimum other than $10 is likely out of date; Novig's current page says $10. - Any guide written before 4 August 2026 predates real-money trading on Novig's exchange. For how the dollar account works today, see [how Novig works](https://novigapi.com/guides/how-novig-works) and the [withdrawals guide](https://novigapi.com/guides/novig-withdrawals). If you work with this data in code, Novig has an official trading API and free daily CSVs. [The Novig data API](https://novigapi.com/novig-api) is an independent, read-only layer on top: no Novig account, names resolved, intraday line history, fair prices and alerts. ## Questions ### Can you turn Novig coins into cash? Not today. Novig retired both of its sweepstakes currencies. Its help center says remaining Novig Cash was converted to US dollars; it does not say the same for Novig Coins. ### What's the difference between coins and cash on Novig? In the old sweepstakes model, coins were bought in bundles and Novig Cash was the redeemable currency. Both are retired, and accounts now hold US dollars. ### Do Novig coins have any value? We found no Novig statement giving retired coins a cash value. Novig only says that remaining Novig Cash balances were converted to USD. ### How do I use my Novig Trade Credits? Novig says Trade Credits can only be applied toward a trade, may require a minimum price, expire, and cannot be withdrawn. Check the terms of the specific credit in the app. ## Sources - [Novig Help Center: What is Novig?](https://support.novig.com/en/articles/10336081-what-is-novig) - [OddsShopper: Novig deposits and withdrawals after the relaunch (10 Sep 2026)](https://www.oddsshopper.com/articles/prediction-markets/novig-deposits-and-withdrawals) - [Novig Help Center: Trade Credits FAQ](https://support.novig.com/en/articles/15786782-trade-credits-frequently-asked-questions) - [Novig Help Center: Withdrawing Funds](https://support.novig.com/en/articles/16194062-withdrawing-funds) - [CFTC: Designated Contract Markets list (Ludlow Exchange, LLC, designated 06/16/2026)](https://www.cftc.gov/IndustryOversight/IndustryFilings/TradingOrganizations?col=Status&dir=DESC&page=1) - [PR Newswire: Novig launches nationwide (4 Aug 2026)](https://www.prnewswire.com/news-releases/novig-launches-nationwide-bringing-the-leading-sports-trading-platform-to-fans-across-the-country-302841548.html) --- Get a free API key: https://novigapi.com/sign-up . 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