Lawrence Jengar
Oct 24, 2024 14:30
BitMEX has switched the Mark Method for SCRUSDTH25 to Fair Price marking, utilizing a new index based on spot prices from Binance, Kucoin, and Bitget.
Significant Update for SCRUSDTH25 Contract 🚀
In an important development, BitMEX has officially changed the Mark Method for its SCRUSDTH25 trading contract. Starting October 24, 2024, at 09:10 UTC, the Mark Method has transitioned to a Fair Price marking approach. This update, as detailed on the BitMEX blog, aims to enhance trading accuracy and transparency.
Creation of a New Pricing Index 📈
The switch to Fair Price marking comes along with the establishment of a comprehensive pricing index that reflects current spot prices for SCR. This innovative .BSCRT index consolidates data from major cryptocurrency exchanges, including Binance, Kucoin, and Bitget. Such an index is designed to provide traders with more reliable price points, substantially improving the trading experience for those involved in the SCRUSDTH25 contract.
Changes to Trading Safeguards ⚠️
Alongside the updated Mark Method, BitMEX has opted to eliminate the previously established Limit Down and Limit Up price protections. This alteration could have significant ramifications for trading tactics among market participants. As a result, price fluctuations may become more pronounced without these protective measures, leading to increased volatility in trading activities.
What This Means for Traders 🧐
For those participating in the SCRUSDTH25 contract, it’s crucial to stay informed about these adjustments and tailor your strategies accordingly. While the introduction of Fair Price marking could enhance price accuracy, it also brings about new dynamics that might affect market behavior. Analytical approaches may need reevaluation to adapt to these changes effectively.
If you have any questions or require support regarding these updates, reaching out to BitMEX support can provide further clarification and assistance.
Hot Take 😮
This year presents a notable shift in the trading landscape, particularly for those involved with the SCRUSDTH25 contract on BitMEX. With the introduction of the Fair Price marking and the removal of existing price protections, traders must navigate increased volatility and adjust their trading strategies to better align with the current market conditions. It is essential to stay alert to maximize potential opportunities amidst these changes.
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