BitMEX Enhances Trading with Fair Price Marking and Launches NILUSDT Perpetual Swap

BitMEX announced significant updates on March 25, 2024, designed to enhance trading accuracy and options. At 05:00 UTC, the NILUSDTH25 and REDUSDTZ25 contracts transitioned to Fair Price marking, utilizing the .BNILT and .BREDT indices, respectively, to align pricing with spot markets from exchanges like Binance and Gate.io. This change removes previous price limits, requiring traders to reassess risk management strategies. Simultaneously, at 04:00 UTC, BitMEX launched the NILUSDT perpetual swap, offering up to 50x leverage. This new product aims to provide traders with high leverage opportunities, expanding the trading options available on the platform. Detailed contract specifications are available on the BitMEX trading platform, emphasizing the importance of understanding the terms and conditions before trading. This launch reflects BitMEX's ongoing strategy to innovate and cater to the evolving needs of cryptocurrency traders.