BitMEX Updates Mark Method for SCRUSDTH25 to Fair Price
BitMEX, a leading cryptocurrency exchange, has announced a significant change in the Mark Method for its SCRUSDTH25 contract. Effective from October 24, 2024, at 09:10 UTC, the Mark Method is now based on Fair Price marking, according to the BitMEX Blog.
Introduction of a Robust Index
This transition to Fair Price marking is facilitated by the construction of a comprehensive index that accurately reflects the spot prices of SCR. The newly introduced .BSCRT index aggregates SCR prices from prominent exchanges including Binance, Kucoin, and Bitget. This move aims to provide a more precise and reliable pricing mechanism for traders involved in the SCRUSDTH25 contract.
Impact on Trading Protections
Alongside the change in the Mark Method, BitMEX has also removed the Limit Down and Limit Up price protections that were previously in place. This adjustment could influence the trading strategies of market participants, as price movements may now exhibit greater volatility without these protective measures.
Implications for Traders
Traders engaged in the SCRUSDTH25 contract should be aware of these changes and assess their strategies accordingly. The shift to Fair Price marking might offer opportunities for more accurate pricing but also introduces new dynamics in terms of market behavior.
For any further inquiries, traders are encouraged to reach out to BitMEX support for assistance.
Read More
Binance Partners with Paymonade to Enable Crypto Sales Directly to Credit/Debit Cards
Oct 24, 2024 0 Min Read
Aragon (ANT) Holders to Redeem Tokens for Ethereum (ETH) via Binance
Oct 24, 2024 0 Min Read
Hong Kong Monetary Authority Announces Results of 3-Year RMB Government Bond Tender
Oct 24, 2024 0 Min Read
NVIDIA's Nemotron-4 Hindi Model Transforms India's Healthcare AI Landscape
Oct 24, 2024 0 Min Read
Indian Startups Leverage NVIDIA Technology to Drive AI Innovation
Oct 24, 2024 0 Min Read