Where does BitMEX obtain the BTC price for its platform?

3 answers

• May 27, 2022 · 3 years ago
  BitMEX obtains the BTC price for its platform from a variety of sources, including major cryptocurrency exchanges such as Binance and Coinbase. They use an index price that is calculated based on the prices from these exchanges, ensuring that the price on BitMEX reflects the overall market sentiment. This approach helps to prevent price manipulation and provides a more accurate representation of the BTC price.
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• May 27, 2022 · 3 years ago
  BitMEX sources the BTC price for its platform through a combination of live market data and index prices. They have partnerships with multiple cryptocurrency exchanges and data providers to ensure the accuracy and reliability of the price feed. This allows traders on BitMEX to have access to real-time price information and make informed trading decisions.
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• May 27, 2022 · 3 years ago
  As an expert in the industry, I can tell you that BitMEX obtains the BTC price for its platform through a robust and sophisticated pricing mechanism. They have a team of experienced traders and developers who constantly monitor the market and adjust the price based on various factors such as trading volume, liquidity, and market trends. This ensures that the price on BitMEX is always up-to-date and reflective of the current market conditions.
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