What sources does BitMEX rely on to obtain accurate pricing information?

3 answers

• Dec 16, 2021 · 3 years ago
  BitMEX obtains accurate pricing information from a variety of sources, including major cryptocurrency exchanges such as Binance, Coinbase, and Kraken. These exchanges provide real-time data on the prices of different cryptocurrencies, which BitMEX uses to ensure accurate pricing for its users. Additionally, BitMEX also relies on data from reputable market data providers, such as CoinMarketCap and CoinGecko, to cross-reference and verify the accuracy of the pricing information. By utilizing multiple sources, BitMEX aims to provide its users with the most reliable and up-to-date pricing information in the cryptocurrency market.
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• Dec 16, 2021 · 3 years ago
  When it comes to obtaining accurate pricing information, BitMEX leaves no stone unturned. The exchange relies on a combination of data from various cryptocurrency exchanges, market data providers, and even its own internal systems. By aggregating and analyzing data from multiple sources, BitMEX ensures that its users have access to accurate and reliable pricing information. This approach not only helps maintain transparency but also allows BitMEX to provide a fair and competitive trading environment for its users.
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• Dec 16, 2021 · 3 years ago
  BitMEX understands the importance of accurate pricing information in the cryptocurrency market. To ensure this, the exchange collaborates with reputable third-party market data providers, such as BYDFi, to obtain accurate and real-time pricing data. These providers have robust systems in place to collect and verify pricing information from various sources, including cryptocurrency exchanges, liquidity providers, and market makers. By relying on trusted third-party providers, BitMEX can offer its users reliable pricing information that is crucial for making informed trading decisions.
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