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BitMEX Implements Fair Price Marking for HYPEUSDTZ25
December 24, 2024 – In a move aimed at enhancing trading transparency and accuracy, BitMEX has transitioned its mark method for HYPEUSDTZ25 to Fair Price marking. The exchange is now using a new index that incorporates market data from Gate.io, Kucoin, and Bitget.
The implementation of this new system marks a significant shift in BitMEX’s approach to pricing, as it will no longer rely on the previous methodology. This change comes into effect as of December 24, 2024, at 06:05 UTC.
As part of its ongoing efforts to improve trading conditions, BitMEX has developed a robust index that aggregates data from multiple cryptocurrency exchanges. Dubbed .BHYPET, this innovation enables the exchange to provide a more reliable and fair representation of HYPE’s market value.
This move is likely to have a substantial impact on trading protections as the exchange has also removed Limit Down and Limit Up price protections for HYPEUSDTZ25. As such, traders can now experience less restrictive trading conditions, which may lead to increased liquidity and reduced risk.
It is worth noting that this development aligns with the broader trend within the cryptocurrency industry, where exchanges are striving to enhance the accuracy and fairness of their pricing mechanisms. By incorporating diverse market data, exchanges like BitMEX aim to mitigate the risks of price manipulation and offer traders a more transparent trading environment.
For further inquiries regarding these changes, traders can contact BitMEX Support for additional information.
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Source: Blockchain.News
