BitMEX to Remove Binance from the .BXBTEUR Index

Effective 31 August 2021 at 08:00 UTC, we will remove Binance from our .BXBTEUR index. This follows Binance’s decision to suspend euro bank deposits from one of Europe’s key payments networks, resulting in a price premium on its platform relative to other index constituents.

All traders should be aware that at the time of the removal, the price of the index may fluctuate substantially. Please exercise caution when trading products referencing the .BXBTEUR index during this time.

The impacted products are:

As of 31 August 2021 at 08:00 UTC, assuming no additional constituent exchanges have been excluded due to Index Protection Rules, the index weights will be:

Indices

Index Weights

Bitstamp

Coinbase

Kraken

.BXBTEUR

.BXBTEUR_NEXT

26.26%

22.80%

50.94%

The BitMEX index methodology is available for reference to further understand BitMEX indices.

If you have any further questions, please contact Support.

The post appeared first on Blog BitMex

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