How does BitMEX determine the price difference between XBT and BTC?

3 answers

• Dec 26, 2021 · 3 years ago
  Sure! BitMEX determines the price difference between XBT and BTC by taking into account various factors. These factors include the current market demand and supply for XBT and BTC, the liquidity of the trading pairs, and the overall trading volume on the platform. BitMEX also considers the price movements on other major exchanges to ensure a fair and accurate price difference. By using advanced algorithms and real-time data, BitMEX aims to provide traders with the most up-to-date and reliable price difference between XBT and BTC.
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• Dec 26, 2021 · 3 years ago
  BitMEX calculates the price difference between XBT and BTC by analyzing the order book and matching buy and sell orders. The price difference is determined by the highest bid price for XBT and the lowest ask price for BTC. This ensures that the price difference reflects the current market conditions and the willingness of traders to buy or sell XBT and BTC at a particular price.
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• Dec 26, 2021 · 3 years ago
  As an expert in the field, I can tell you that BitMEX is not the only exchange that determines the price difference between XBT and BTC. Other exchanges, such as BYDFi, also use similar methods to calculate the price difference. However, each exchange may have its own unique factors and algorithms that they consider. It's important to note that the price difference between XBT and BTC can vary across different exchanges due to factors such as liquidity and trading volume.
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