I provided the answers to your question in my original post in bold.
I see - I missed them since they were embedded inside the quoted text. Thanks alot!
In response to to this question:
Is it possible to create a market order to buy or sell assets? For your average consumer who just wants to move wealth in and out (akin to normal forex transfers), a limit order would mean waiting around for it to fill or paying above market price?
A market order is just buying at lowest ask or selling at the highest bid. You can obviously do that now...
A market order isn't a straightforward BUY or SELL at the lowest ASK or BID price though. A market order steps up the price paid, or drops down the price offered until either the requested number of assets has been obtained or expended. E.g. Sell 1000 BTSX for BITUSD - at whatever price you can get, and keep selling until all the BTSX have been sold.
Buying at either the lowest ask, or selling to the highest bid would be a limit order. E.g. Sell whatever I can into this BID or ASK, and then just leave the rest on the order book if the full amount was not sold or purchased.
So, the question still stands; does the ability to liqudate or fill a position at
any price automatically exist, or does the system only support limit orders?