BitMEX Introduces Fair Price Marking for DOGSUSDTQ24

BitMEX
has
announced
a
significant
update
for
the
DOGSUSDTQ24
perpetual
contract.
According
to

BitMEX
Blog,
as
of
August
27,
2024,
at
07:00
UTC,
the
Mark
Method
for
DOGSUSDTQ24
has
transitioned
to
Fair
Price
marking.

Transition
to
Fair
Price
Marking

The
change
to
Fair
Price
marking
was
made
possible
by
constructing
a
robust
index
that
accurately
represents
the
spot
prices
of
DOGS.
This
new
pricing
mechanism
aims
to
provide
traders
with
a
more
precise
valuation,
reducing
discrepancies
and
improving
overall
market
stability.

New
Pricing
Index

DOGS
is
now
priced
based
on
the
.BDOGST
index.
This
comprehensive
index
incorporates
DOGS
prices
from
multiple
major
cryptocurrency
exchanges,
including
Bybit,
OKX,
Gate.io,
and
Kucoin.
The
inclusion
of
several
trusted
sources
aims
to
enhance
the
accuracy
and
reliability
of
the
price
data.

Removal
of
Price
Protections

With
the
implementation
of
the
Fair
Price
marking,
BitMEX
has
also
removed
the
Limit
Down
and
Limit
Up
price
protections.
These
changes
are
expected
to
allow
for
a
more
dynamic
and
representative
pricing
model,
aligning
with
market
movements
more
closely.

If
traders
have
any
questions
regarding
this
update,
they
are
encouraged
to
contact
BitMEX
Support.

Image
source:
Shutterstock