What is the source of BitMEX's BTC price?

3 answers

• Dec 17, 2021 · 3 years ago
  BitMEX's BTC price is derived from a combination of multiple cryptocurrency exchanges. They use an index price that aggregates data from various exchanges to determine the most accurate and representative price of Bitcoin. This ensures that the price on BitMEX reflects the overall market sentiment and liquidity. By using multiple sources, BitMEX aims to minimize the impact of price manipulation and provide a fair trading environment for its users.
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• Dec 17, 2021 · 3 years ago
  The source of BitMEX's BTC price is primarily based on the Bitstamp exchange. BitMEX uses the Bitstamp BTC/USD trading pair as the main reference for their price calculation. However, it's important to note that BitMEX also takes into account data from other exchanges to ensure the price is not solely dependent on one source. This approach helps to reduce the risk of price manipulation and provides a more reliable and accurate price for trading on BitMEX.
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• Dec 17, 2021 · 3 years ago
  BitMEX's BTC price is determined using a combination of data from various cryptocurrency exchanges. This approach helps to prevent any single exchange from having a significant impact on the price. The data is collected and processed by a team of experts who analyze market trends and liquidity across different exchanges. This ensures that the price on BitMEX is as close as possible to the true market value of Bitcoin. Other cryptocurrency exchanges also use similar methods to determine their BTC prices, as it provides a more balanced and fair pricing mechanism.
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