Lawrence Zenga
March 25, 2025 05:30
BITMEX has changed the price accuracy by changing the mark method of Nilusdth25 and Rebusdtz25 into fair price labels from March 25, 2025.
Bitmex, a major cryptocurrency derivative exchange, has announced a significant update on the Mark method for the Nilusdth25 and REBUSDZ25 contracts. According to BitMex, as of March 25, 2025, UTC 05:00 will use fair price labeling.
Price accuracy due to new indexes
The transition to a fair price label is supported by the development of a powerful index that reflects the spot price of NIL and RED tokens. The price of the NILUSDTH25 contract is priced using the .bnilt index, which compils data from major exchanges such as .binance, gate.io, MEXC and KUCOIN. Similarly, the Redusdtz25 contract relies on the .bredt index by integrating the price of Binance, BYBIT and Gate.IO.
Implications for traders
This change is aimed at providing traders with more accurate and reliable prices, and closely adjusting the actual market situation and contract. However, this also means that the relocation limit also falls and the price protection can be potentially affected by the trader’s risk management strategy.
Industrial situation
BitMex’s movement, which wants to adopt a fair price label, reflects the trend of the entire industry on the transparency and accuracy of derivatives prices. As the Cryptocurrency market continues to mature, the exchange is adopting more sophisticated pricing mechanisms to better track real -time market conditions.
For traders and investors, these updates emphasize the importance of maintaining information on changes in trading conditions and the need to apply strategy. Removing price limit provides more flexibility to provide careful risk assessments.
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