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BitMEX Implements Fair Price Marking for HYPEUSDTZ25
In a significant move to enhance trading transparency and accuracy, cryptocurrency derivatives exchange BitMEX has announced the transition of its mark method for the HYPEUSDTZ25 trading pair to a Fair Price marking system.
As of December 24, 2024, at 06:05 UTC, the new index-based approach will be in effect. The development of this robust index is the culmination of ongoing efforts by BitMEX to optimize its pricing mechanisms and improve overall market integrity.
The .BHYPET index aggregates data from multiple cryptocurrency exchanges, including Gate.io, Kucoin, and Bitget. By incorporating this comprehensive dataset, BitMEX aims to provide a more reliable representation of HYPE’s market value.
This shift in mark methodology is expected to have a profound impact on the trading landscape. The removal of Limit Down and Limit Up price protections for HYPEUSDTZ25 marks a significant departure from previous policies. This change signals a move towards a more fluid and market-driven pricing model, allowing traders to experience less restrictive trading conditions.
The adoption of Fair Price marking by BitMEX is reflective of broader trends within the cryptocurrency industry. Exchanges are increasingly seeking to enhance the accuracy and fairness of their pricing mechanisms, thereby mitigating the risks of price manipulation and offering traders a more transparent trading environment.
In related news, it has been predicted that a breakthrough in the ETH/BTC market could be imminent.
Source: Blockchain.News
