Dear Bingbon Users:
In response to the upgrade of Binance's spot trading system at 14:00 (HK time) on Nov. 30th, 2020, the spot market data from Binance will be temporarily excluded from Bingbon Index Price weighting system to avoid issues such as instability of the data source. When the upgrade is completed, Bingbon will resume the calculation weight of the spot market data from Binance as soon as possible.
Bingbon Index Constituent:
The Bingbon Index Constituent collects spot market data from Binance, Huobi and OKEx.
The weights of Huobi, Binance and OKEx indices all are equal to 33.33%. To avoid the
malicious manipulation of the price or the instability of the exchange data source,
before Bingbon makes a comprehensive calculation, Bingbon will determine if the data
sources of Huobi, Binance and OKEx are abnormal.
If so, the abnormal data will not be included in the Index Price Calculation.
Previous weight rules: https://support.bingbon.io/hc/en-001/articles/360053433314
Latest weight rules: https://support.bingbon.io/hc/en-001/articles/360048574873
Digital asset derivatives trading is highly leveraged and risky, and may result in partial or total loss of account funds. Before conducting contract trading, investors must ensure that they understand the nature and rules of contract trading, and decide whether to participate in contract trading based on their investment experience, goals, financial status, and ability to bear risks.
Bingbon Operation Team