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.
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.”
Interesting in the section: Coinbase Cryptobusiness Exchange: an overview of the exchange platform
- The Bittrex International platform has added Tether CNH stablecoin. The wallet is already open for trading on the stock-exchange.