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BitMEX Implements Index Weights Update for Q3 2024

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5 months ago

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BitMEX, a major cryptocurrency exchange, has officially updated its index weights as part of its quarterly review for Q3 2024. The changes went into effect on June 28, 2024 at 04:00 UTC, as announced on its website BitMEX Blog.

Update Details

The updated index weights are part of BitMEX’s ongoing efforts to ensure their indices accurately reflect the market. Hypothetical index values ​​with the new weights were published in the “NEXT” index family, as .BXBT_NEXT. This update aims to provide traders with more accurate and up-to-date market data.

Implications for traders

For traders, the updated index weights mean that the valuation of various assets will now be calculated differently, which could impact trading strategies and portfolio valuations. BitMEX encourages users to review the changes and adjust their trading strategies accordingly.

Background

Index weight updates are a routine part of BitMEX operations and are essential to maintaining the accuracy and reliability of their indices. These updates are typically scheduled quarterly, reflecting changes in market environment and asset performance.

For more details on the updated index weights, traders can visit the website BitMEX official blog.

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