BitMEX Introduces Change of Mark Method for NOTUSDTK24
Rebeca Moen May 17, 2024 11:00
BitMEX announces the change of Mark Method for NOTUSDTK24 to Fair Price marking.
BitMEX Announces Change of Mark Method for NOTUSDTK24
BitMEX, a leading cryptocurrency trading platform, has announced that as of 17 May at 09:55 UTC, the Mark Method for NOTUSDTK24 has been changed to Fair Price marking. This significant change was made possible as the platform has constructed a robust index representing the spot prices of NOT.
Introduction of .BNOTT Index
The NOT token is now priced on the .BNOTT index. This innovative index incorporates NOT prices from top cryptocurrency exchanges like Binance, OKX, Bybit, and Gate.io. The introduction of the .BNOTT index ensures a more accurate and fair pricing of the NOT token.
Removal of Price Protections
Along with this change, BitMEX also noted that the Limit Down and Limit Up price protections have been removed. This move indicates a transition towards an open and unrestricted trading environment for the NOTUSDTK24 trading pair on BitMEX.
BitMEX urges users with any inquiries regarding this change to contact their support team for assistance.
Implications for BitMEX Users
This change in the Mark Method for NOTUSDTK24 to Fair Price marking is anticipated to provide a more transparent and equitable trading experience for BitMEX users. It reflects BitMEX's commitment to continually enhance its platform and offer superior services to its global user base.
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