Introducing Fair Price Marking for DOGSUSDTQ24 on BitMEX
If you’re a cryptocurrency trader, you’ll want to pay attention to the latest update from BitMEX. As of August 27, 2024, BitMEX announced a significant change to the DOGSUSDTQ24 perpetual contract – the transition to Fair Price marking. This update aims to enhance price accuracy and provide traders with a more precise valuation, ultimately improving overall market stability.
What does this transition to Fair Price marking mean for traders? It’s all about constructing a robust index that accurately represents the spot prices of DOGS. By using the .BDOGST index, which incorporates DOGS prices from multiple major cryptocurrency exchanges such as Bybit, OKX, Gate.io, and Kucoin, BitMEX aims to provide traders with more accurate and reliable price data. This new pricing mechanism eliminates discrepancies and ensures a more dynamic and representative pricing model that aligns with market movements.
In addition to the transition to Fair Price marking, BitMEX has also removed the Limit Down and Limit Up price protections. These changes allow for a more flexible pricing model that better reflects market fluctuations.
If you’re a trader on BitMEX and have any questions about this update, don’t hesitate to reach out to BitMEX Support for assistance.
Stay informed and stay ahead of the game with the latest updates from BitMEX. Keep an eye on our blog for more insights and analysis on the ever-evolving world of cryptocurrency and blockchain technology.
Source: Blockchain News