BitMEX Updates Mark Method for ZROUSDTZ24 to Fair Price

BitMEX
has
officially
updated
the
Mark
Method
for
its
ZROUSDTZ24
trading
pair
to
Fair
Price
marking,
according
to
the

BitMEX
Blog.
This
change
took
effect
on
June
25,
2024,
at
08:00
UTC.

New
Index
for
ZRO
Pricing

The
modification
was
made
possible
by
constructing
a
robust
index
that
accurately
represents
the
spot
prices
of
ZRO.
The
new
pricing
mechanism,
known
as
the
.BZROT
index,
aggregates
data
from
several
prominent
exchanges,
including
Binance,
Bybit,
OKX,
Gate.io,
and
Kucoin.

Impact
on
Trading
Protections

With
the
implementation
of
Fair
Price
marking,
BitMEX
has
also
removed
the
Limit
Down
and
Limit
Up
price
protections
for
the
ZROUSDTZ24
trading
pair.
These
protections
were
previously
in
place
to
prevent
extreme
price
volatility.

The
exchange
emphasized
that
the
new
Mark
Method
aims
to
provide
a
more
accurate
and
fair
representation
of
the
ZRO
market,
leveraging
data
from
a
diversified
pool
of
exchanges.

Traders
who
have
any
questions
about
this
update
are
encouraged
to
contact
BitMEX
Support
for
further
assistance.

Image
source:
Shutterstock