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BitMEX Implements Fair Price Marking for HMSTRUSDTU24

BitMEX recently announced a significant update to the Mark Method for the HMSTRUSDTU24 contract, transitioning to Fair Price marking on September 27, 2024. This change aims to improve index robustness and remove price protections, as reported on the BitMEX Blog.

Enhanced Index Accuracy

The update was made possible by the development of a more reliable index, .BHMSTRT, which aggregates HMSTR prices from top exchanges such as Bybit, OKX, Kucoin, Gate.io, and Binance. This integration ensures a more accurate representation of spot prices for HMSTR.

Impact on Trading Strategies

Traders should take note that the removal of Limit Down and Limit Up price protections could result in increased price volatility. However, this change also offers the potential for more precise pricing aligned with market conditions. Make sure to adjust your trading strategies accordingly.

Industry Trends

BitMEX’s move towards Fair Price marking reflects a broader industry shift towards transparent and reliable pricing mechanisms in the cryptocurrency market. Other exchanges are also enhancing their price indices and risk management frameworks to provide a better trading experience for users.

If you have any questions or need further clarification, BitMEX recommends visiting their Support page.

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