Iris Coleman
November 27, 2024 10:58
BitMEX has switched the display method of HSKUSDTX24 to fair price display, using powerful indices from Gate.io, Kucoin, and MEXC to increase price accuracy.
BitMEX adopts fair price marking
BitMEX announced a major change to its pricing methodology by adopting fair price marking for the HSKUSDTX24 contract. According to BitMEX, this transition took effect on November 27, 2024 at 08:15 UTC. The goal of this move is to increase the accuracy and reliability of contract pricing.
Introduction of powerful indices
The transition to fair price marking has been facilitated by the development of powerful indices that accurately represent HSK spot prices. The newly implemented .BHSKT index aggregates data from major exchanges including Gate.io, Kucoin, and MEXC. This comprehensive approach allows us to more accurately reflect HSK’s market value.
Remove price protection
Along with changing the display method, BitMEX also removed the price limit and price limit protection for the HSKUSDTX24 contract. The adjustment is expected to provide traders with a more flexible trading environment, albeit with increased exposure to market volatility.
Industry Impact
BitMEX’s adoption of fair price marking is consistent with the industry trend toward more transparent and accurate pricing mechanisms. By leveraging a variety of indices, BitMEX is better positioned to meet the needs of sophisticated traders who demand accurate and reliable price data.
conclusion
This strategic change highlights BitMEX’s commitment to strengthening its trading infrastructure and providing users with improved tools for risk management and decision-making. Traders and stakeholders are encouraged to update their strategies in accordance with these adjustments.
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