02/10/19 06:27 UTC-5

Bitfinex has updated the pricing mechanism for trading derivatives

Exchanges Price mechanism for trading derivatives on Bitfinex has been updated
Price mechanism for trading derivatives on Bitfinex has been updated
The cryptocurrency tradingTrading
– is an economic term that means the process of independent trade, independent analysis of the market and the conclusion of trade transactions.Details
platform announced that it is updating the price mechanism that will be applied to BTCF0/USDt0 and ETHF0/USDt0. 

Bitfinex changes

From now on, liquidation and payment levels for derivatives available on Bitfinex will be calculated differently. The crypto-exchange will begin to use the price of the tokenToken
– is an accounting unit that is used to represent a digital balance in an asset.Details
to determine financing payments and liquidation levels of derivative products that will replace the actual price of the futures.

The branded price of derivatives will be based on the BFX Composite Index (BFXCI), the price index obtained on several leading cryptocurrency exchanges on the markets (Bitcoin) BTC/USDt and (Ethereum) ETH/USDt, respectively. Price migration has been extensively tested by the Bitfinex risk management team.

The marketplace believes that “using the price of the brand will significantly reduce the ability to manipulate the prices of derivatives. And also that “the update provides optimal transparency for our customers in a safe and fair trading environment.”

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#Bitfinex #cryptocurrency #exchange #Bitcoin #Ethereum #trading

Editor: Alyona Deryabina