Blockchain
BitMEX introduces the flag change method for NOTUSDTK24
BitMEX Announces Mark Method Change for NOTUSDTK24
BitMEX, a leading cryptocurrency trading platform, announced that starting May 17 at 09:55 UTC, the marking method for NOTUSDTK24 has been changed to fair price marking. This significant change was made possible because the platform has built a robust index representing NOT spot prices.
Introduction of the .BNOTT index
The NOT token is now priced on the .BNOTT index. This innovative index does not incorporate prices from major cryptocurrency exchanges such as Binance, OKX, Bybit and Gate.io. The introduction of the .BNOTT index ensures more accurate and fair pricing of the NOT token.
Removing price protections
Along with this change, BitMEX also noted that the Limit Down and Limit Up price protections have been removed. This move signals a transition to an open and unrestricted trading environment for the NOTUSDTK24 trading pair on BitMEX.
BitMEX encourages users with any questions regarding this change to contact its support team for assistance.
Implications for BitMEX users
This change in the valuation method for NOTUSDTK24 to fair price marking is expected to provide a more transparent and fair trading experience for BitMEX users. It reflects BitMEX’s commitment to continuously improve its platform and offer superior services to its global user base.
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