lawrence jenga
October 24, 2024 14:30
BitMEX has switched the marking method of SCRUSDTH25 to fair price marking by leveraging a new index based on spot prices from Binance, Kucoin, and Bitget.
BitMEX, a leading cryptocurrency exchange, has announced a significant change in the marking scheme for the SCRUSDTH25 contract. According to the BitMEX blog, from 09:10 UTC on October 24, 2024, the marking method will now be based on fair price marking.
Introduction of strong indices
The transition to fair price marking is facilitated by the construction of a composite index that accurately reflects SCR spot prices. The newly introduced .BSCRT index aggregates SCR prices from major exchanges including Binance, Kucoin, and Bitget. This move aims to provide traders involved with the SCRUSDTH25 contract with a more accurate and reliable pricing mechanism.
Impact on Transaction Protection
Along with changing the display method, BitMEX also removed the price limits and limit price limits that were previously in place. These adjustments may affect market participants’ trading strategies. This is because without these protections, price movements may be more volatile.
Implications for traders
Traders participating in the SCRUSDTH25 contract should be aware of these changes and evaluate their strategies accordingly. The transition to fair price marking can not only provide more accurate pricing opportunities, but also introduces new dynamics in terms of market behavior.
If there are any further questions, traders are advised to contact BitMEX Support for assistance.
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