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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