What exchanges does Bitmex take into account when determining its price?
Savage MadsenDec 20, 2021 · 3 years ago3 answers
When Bitmex determines its price, which exchanges does it consider?
3 answers
- Dec 20, 2021 · 3 years agoBitmex takes into account several major exchanges when determining its price. This includes exchanges like Binance, Coinbase, Kraken, and Huobi. By considering the prices on these exchanges, Bitmex aims to provide a fair and accurate price for its users.
- Dec 20, 2021 · 3 years agoWhen determining its price, Bitmex looks at a variety of exchanges to ensure that it reflects the overall market sentiment. Some of the exchanges it considers include Binance, Coinbase, and Bitstamp. By taking into account multiple exchanges, Bitmex aims to minimize the impact of price manipulation and provide a more reliable price for traders.
- Dec 20, 2021 · 3 years agoBitmex, like many other cryptocurrency exchanges, takes into account the prices on various exchanges to determine its own price. This helps to ensure that the price on Bitmex is in line with the broader market. Some of the exchanges that Bitmex considers include Binance, Coinbase, and Bitstamp. By considering these exchanges, Bitmex aims to provide a transparent and fair pricing mechanism for its users.
Related Tags
Hot Questions
- 82
What is the future of blockchain technology?
- 76
Are there any special tax rules for crypto investors?
- 65
What are the advantages of using cryptocurrency for online transactions?
- 44
How does cryptocurrency affect my tax return?
- 39
What are the tax implications of using cryptocurrency?
- 29
How can I buy Bitcoin with a credit card?
- 18
What are the best digital currencies to invest in right now?
- 16
What are the best practices for reporting cryptocurrency on my taxes?