BitMEX Updates Mark Method for SCRUSDTH25 to Fair Price

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.

BitMEX Updates Mark Method for SCRUSDTH25 to Fair Price

BitMEX, a leading cryptocurrency exchange, has announced a significant change in the Mark Method for its SCRUSDTH25 contract. Effective from October 24, 2024, at 09:10 UTC, the Mark Method is now based on Fair Price marking, according to the BitMEX Blog.

Introduction of a Robust Index

This transition to Fair Price marking is facilitated by the construction of a comprehensive index that accurately reflects the spot prices of SCR. The newly introduced .BSCRT index aggregates SCR prices from prominent exchanges including Binance, Kucoin, and Bitget. This move aims to provide a more precise and reliable pricing mechanism for traders involved in the SCRUSDTH25 contract.

Impact on Trading Protections

Alongside the change in the Mark Method, BitMEX has also removed the Limit Down and Limit Up price protections that were previously in place. This adjustment could influence the trading strategies of market participants, as price movements may now exhibit greater volatility without these protective measures.

Implications for Traders

Traders engaged in the SCRUSDTH25 contract should be aware of these changes and assess their strategies accordingly. The shift to Fair Price marking might offer opportunities for more accurate pricing but also introduces new dynamics in terms of market behavior.

For any further inquiries, traders are encouraged to reach out to BitMEX support for assistance.

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Source: https://blockchain.news/news/bitmex-updates-mark-method-scrusdth25-fair-price