{"id":238616,"date":"2024-07-01T21:10:57","date_gmt":"2024-07-01T21:10:57","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2024\/07\/01\/bitmex-implements-fair-price-marking-for-blast-usdt-futures\/"},"modified":"2025-06-25T17:15:43","modified_gmt":"2025-06-25T17:15:43","slug":"bitmex-implements-fair-price-marking-for-blast-usdt-futures","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2024\/07\/01\/bitmex-implements-fair-price-marking-for-blast-usdt-futures\/","title":{"rendered":"BitMEX Implements Fair Price Marking for BLAST\/USDT Futures"},"content":{"rendered":"

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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<\/a>, the change took effect on June 30, 2024, at 19:45 UTC.<\/p>\n

Introduction of Fair Price Marking<\/h2>\n

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.<\/p>\n

New Index for Pricing<\/h2>\n

BLAST is now priced on the .BBLASTT index, which aggregates BLAST prices from multiple exchanges including Bybit<\/dfn><\/i><\/b><\/u><\/a>, HTX, Gate.io, and Kucoin. This diversified approach ensures a more accurate representation of BLAST’s market value.<\/p>\n

Removal of Price Protections<\/h2>\n

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.<\/p>\n

Implications for Traders<\/h2>\n

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.<\/p>\n

For any questions or further information, traders are advised to contact BitMEX support.<\/p>\n

Image source: Shutterstock<\/i><\/span> <\/p>\n

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