BitMEX Updates Mark Method for ZROUSDTZ24 to Fair Price

BitMEX has officially updated the Mark Method for its ZROUSDTZ24 trading pair to Fair Price marking, according to the BitMEX Blog. This change took effect on June 25, 2024, at 08:00 UTC.

New Index for ZRO Pricing

The modification was made possible by constructing a robust index that accurately represents the spot prices of ZRO. The new pricing mechanism, known as the .BZROT index, aggregates data from several prominent exchanges, including Binance, Bybit, OKX, Gate.io, and Kucoin.

Impact on Trading Protections

With the implementation of Fair Price marking, BitMEX has also removed the Limit Down and Limit Up price protections for the ZROUSDTZ24 trading pair. These protections were previously in place to prevent extreme price volatility.

The exchange emphasized that the new Mark Method aims to provide a more accurate and fair representation of the ZRO market, leveraging data from a diversified pool of exchanges.

Traders who have any questions about this update are encouraged to contact BitMEX Support for further assistance.