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BitMEX changes ZROUSDTZ24 mark method for fair price! 🚀

BitMEX changes ZROUSDTZ24 mark method for fair price! 🚀

By Blount Charleston Jun 25, 202441Views
Binance ,Crypto Market ,Financial

BitMEX Updates Mark Method for ZROUSDTZ24 Trading Pair

BitMEX has made significant changes to its ZROUSDTZ24 trading pair, shifting from the Mark Method to Fair Price marking. The update, detailed on the BitMEX Blog, became effective on June 25, 2024, at 08:00 UTC.

Introduction of New Index

To support this transition, BitMEX introduced a new index, .BZROT, designed to accurately reflect the spot prices of ZRO. The .BZROT index aggregates data from various reputable exchanges such as Binance, Bybit, OKX, Gate.io, and Kucoin.

Changes in Trading Protections

Following the update to Fair Price marking, BitMEX has removed the Limit Down and Limit Up price protections for the ZROUSDTZ24 trading pair. These protections were previously in place to mitigate extreme price swings.

  • The new Fair Price marking mechanism aims to enhance accuracy and fairness in pricing for the ZRO market.
  • Traders with queries regarding these changes can reach out to BitMEX Support for clarification and assistance.

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This content is aimed at sharing knowledge, it's not a direct proposal to transact, nor a prompt to engage in offers. Lolacoin.org doesn't provide expert advice regarding finance, tax, or legal matters. Caveat emptor applies when you utilize any products, services, or materials described in this post. In every interpretation of the law, either directly or by virtue of any negligence, neither our team nor the poster bears responsibility for any detriment or loss resulting. Dive into the details on Critical Disclaimers and Risk Disclosures.

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Blount Charleston
Blount Charleston
Blount Charleston stands out as a distinguished crypto analyst, researcher, and editor, renowned for his multifaceted contributions to the field of cryptocurrencies. With a meticulous approach to research and analysis, he brings clarity to intricate crypto concepts, making them accessible to a wide audience. Blount's role as an editor enhances his ability to distill complex information into comprehensive insights, often showcased in insightful research papers and articles. His work is a valuable compass for both seasoned enthusiasts and newcomers navigating the complexities of the crypto landscape, offering well-researched perspectives that guide informed decision-making.
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BitMEX changes ZROUSDTZ24 mark method for fair price! 🚀