BitMEX Implements Fair Price Marking for HYPEUSDTZ25

BitMEX
has
announced
a
significant
change
in
its
mark
method
for
the
HYPEUSDTZ25
trading
pair,
shifting
to
a
Fair
Price
marking
system
as
of
December
24,
2024,
at
06:05
UTC.
This
adjustment
is
part
of
BitMEX’s
ongoing
efforts
to
enhance
trading
transparency
and
accuracy,
according
to
the

BitMEX.

Introduction
of
a
Robust
Index

The
transition
to
Fair
Price
marking
has
been
facilitated
by
the
development
of
a
new
index
that
accurately
reflects
the
spot
prices
of
HYPE.
This
index,
known
as
the
.BHYPET,
aggregates
data
from
multiple
cryptocurrency
exchanges,
including
Gate.io,
Kucoin,
and
Bitget.
By
utilizing
this
comprehensive
data
set,
BitMEX
aims
to
provide
a
more
reliable
and
fair
representation
of
HYPE’s
market
value.

Impact
on
Trading
Protections

With
the
implementation
of
the
Fair
Price
marking,
BitMEX
has
also
removed
the
Limit
Down
and
Limit
Up
price
protections
for
HYPEUSDTZ25.
These
changes
indicate
a
shift
towards
a
more
fluid
and
market-driven
pricing
model,
allowing
traders
to
experience
less
restrictive
trading
conditions.

Industry
Context

The
adoption
of
Fair
Price
marking
by
BitMEX
reflects
a
broader
trend
within
the
cryptocurrency
industry,
where
exchanges
seek
to
enhance
the
accuracy
and
fairness
of
their
pricing
mechanisms.
By
incorporating
diverse
market
data,
exchanges
can
mitigate
the
risks
of
price
manipulation
and
offer
traders
a
more
transparent
trading
environment.

For
further
inquiries,
traders
are
encouraged
to
contact
BitMEX
Support
for
more
detailed
information
regarding
these
changes.

Image
source:
Shutterstock