BitMEX Implements Fair Price Marking for CATIUSDTU24
James Ding Sep 24, 2024 08:10
BitMEX announces the transition to Fair Price marking for CATIUSDTU24 as of September 23, 2024, enhancing price stability.
BitMEX has announced a significant update regarding the CATIUSDTU24 contract. As of 09:15 UTC on September 23, 2024, the Mark Method for CATIUSDTU24 has transitioned to Fair Price marking, according to the BitMEX Blog.
New Index for Pricing
The shift to Fair Price marking was facilitated by the development of a robust index that accurately reflects the spot prices of CATI. This new pricing mechanism is based on the .BCATIT index, which aggregates CATI prices from multiple major cryptocurrency exchanges, including Bybit, OKX, Gate.io, and Binance.
Implications for Traders
With the introduction of the Fair Price marking, BitMEX also announced the removal of Limit Down and Limit Up price protections. This change aims to provide a more stable and reliable pricing framework for traders dealing with CATIUSDTU24 contracts.
Additional Information
Traders who have questions regarding this update are encouraged to reach out to BitMEX support for further assistance. The shift to Fair Price marking is part of BitMEX's ongoing efforts to enhance trading efficiency and price accuracy on its platform.
For more detailed information, visit the BitMEX Blog.
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