🚨 Binance Updates Anthropic Mark Price to Prevent Liquidations
Binance's Head of Exchange, Shunyet Jan, has detailed a new pricing mechanism for Anthropic-linked perpetual futures. The mark price now updates every second based on executed trades to ensure stability and prevent unfair liquidations.
To manage volatility, price movements are capped at 1% per second. If trading volume drops, the system falls back to a trailing 100-trade window to maintain accuracy. This safeguard aims to keep the synthetic price stable during periods of low liquidity.
This update coincides with the launch of the 21Shares Anthropic Synthetic ETP. This certificate provides synthetic exposure to the private AI firm Anthropic via FalconX, which manages the exposure using futures on Binance and Hyperliquid.
#Binance #Anthropic #CryptoNews #ETP
Binance's Head of Exchange, Shunyet Jan, has detailed a new pricing mechanism for Anthropic-linked perpetual futures. The mark price now updates every second based on executed trades to ensure stability and prevent unfair liquidations.
To manage volatility, price movements are capped at 1% per second. If trading volume drops, the system falls back to a trailing 100-trade window to maintain accuracy. This safeguard aims to keep the synthetic price stable during periods of low liquidity.
This update coincides with the launch of the 21Shares Anthropic Synthetic ETP. This certificate provides synthetic exposure to the private AI firm Anthropic via FalconX, which manages the exposure using futures on Binance and Hyperliquid.
#Binance #Anthropic #CryptoNews #ETP