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BitMEX Implements Fair Price Marking for HYPEUSDTZ25
December 24, 2024 – In a significant move, BitMEX has transitioned its mark method for HYPEUSDTZ25 to Fair Price marking. This change comes into effect as of today, December 24, 2024, at 06:05 UTC.
According to the announcement, this adjustment is part of BitMEX’s ongoing efforts to enhance trading transparency and accuracy. The exchange has developed a new index, known as .BHYPET, which aggregates data from multiple cryptocurrency exchanges, including Gate.io, Kucoin, and Bitget. This comprehensive dataset aims to provide a more reliable and fair representation of HYPE’s market value.
With the implementation of Fair Price marking, BitMEX has also removed the Limit Down and Limit Up price protections for HYPEUSDTZ25. This shift indicates a move towards a more fluid and market-driven pricing model, allowing traders to experience less restrictive trading conditions.
This development reflects a broader trend within the cryptocurrency industry, where exchanges are seeking to improve the accuracy and fairness of their pricing mechanisms. By incorporating diverse market data, exchanges can mitigate the risks of price manipulation and offer traders a more transparent trading environment.
For further inquiries or details regarding these changes, traders are encouraged to contact BitMEX Support for more information.
The article highlights the significant change made by BitMEX in implementing Fair Price Marking for HYPEUSDTZ25, which aims to enhance trading transparency and accuracy.
Source: Blockchain.News
