BitMEX Implements Fair Price Marking for BLAST/USDT Futures

BitMEX,
a
leading
cryptocurrency
derivatives
exchange,
has
announced
a
significant
update
to
its
marking
methodology
for
the
BLAST/USDT
futures
contract.
According
to
the

BitMEX
Blog,
the
change
took
effect
on
June
30,
2024,
at
19:45
UTC.

Introduction
of
Fair
Price
Marking

The
revised
mark
method
now
uses
Fair
Price
marking,
a
move
aimed
at
enhancing
market
accuracy
and
stability.
This
change
was
facilitated
by
the
construction
of
a
robust
index
that
reflects
the
spot
prices
of
BLAST.

New
Index
for
Pricing

BLAST
is
now
priced
on
the
.BBLASTT
index,
which
aggregates
BLAST
prices
from
multiple
exchanges
including





Bybit,
HTX,
Gate.io,
and
Kucoin.
This
diversified
approach
ensures
a
more
accurate
representation
of
BLAST’s
market
value.

Removal
of
Price
Protections

Another
critical
update
is
the
removal
of
Limit
Down
and
Limit
Up
price
protections.
These
changes
are
expected
to
offer
traders
a
more
precise
and
flexible
trading
experience.

Implications
for
Traders

The
update
is
likely
to
impact
traders
who
rely
on
accurate
price
markings
for
their
trading
strategies.
The
new
Fair
Price
marking
method
is
designed
to
provide
a
more
reliable
and
fair
assessment
of
market
prices,
which
could
be
beneficial
for
both
short-term
traders
and
long-term
investors.

For
any
questions
or
further
information,
traders
are
advised
to
contact
BitMEX
support.

Image
source:
Shutterstock