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ASX200 Cash price calcuation does not reflect market price during open
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By iamcryptic · Posted
As the bull run approaches, it's imperative to interact with exchanges that are secure and user-oriented. One way to assess this is by looking at their practice of constantly updating their Proof of Reserves (POR) and protection funds, which showcases transparency. Bitget recently published its updated Proof of Reserves, reflecting a strong financial position with a total reserve ratio of 166%. This update underscores their commitment to transparency and user fund security, offering users reassurance about the platform's asset backing and liquidity. The Proof of Reserves report provides an in-depth look at the exchange's holdings, detailing reserve ratios for major assets, including Bitcoin, Ethereum, and Tether (USDT). Each of these assets maintains a reserve ratio significantly above 100%, indicating that Bitget holds more than the total user balances in these assets, ensuring full backing and coverage. By maintaining high reserve ratios, this demonstrates its proactive approach to safeguarding user assets and its dedication to best practices in asset transparency and security within the cryptocurrency industry. What do you think about this practice? -
Bitcoin has been on a brilliant surge, reaching a new ATH of around $89,864. Although the price might have slumped slightly since then, it still has a thrilling 30% surge over the past seven days and 102% surge in 2024, while expectations are rife that its price could rise significantly higher before the end of 2024. Historically, whenever the world’s biggest cryptocurrency is on a tear as this, the market comes alive. While this has also applied in this current surge, memecoin enthusiasts will be keen to witness exponential pump orchestrated by the Bitcoin’s happy mood. For a good part of the year, memecoins have garnered the most attention particularly within Solana and Ton ecosystems, if memecoin market will witness a major rally, then these ecosystems will surely be on the forefront. With this likelihood, all eyes seems to be fixated on PNUT, a meme token on Solana Blockchain. The token pays homage to Late PNUT, a social media sensation squirrel rescued in 2017 by Mark Longo after its mother was killed by a car in New York City. Backed by Beeple, Elon Musk, Doge, Wif, and Justin Sun; PNUT successfully launched on Bitget where its volume is on the rise. Bitcoin soars, could PNUT and other meme gaints respond accordingly?
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Question
Guest sww
Hello,
During the session open I find the ASX200 Cash price to always be different to the price quoted by the ASX. I understand out of session IG probably needs to blend the ASX200 price with the futures price but in session why is there any disparity??
I also find the price to sometimes not update for several minutes. For instance right now it says updated 13:21:23 though it is definitely into 13:22:xx. Somtimes this gap in updates is even longer. Would paying for live data feed fix this problem? But if the price is not an accurate reflection of the actual ASX200 then paying for live data is probably pointless anyway.
I'm considering testing other providers to see if this is something particular to IG. Would appreciate your advice.
Thanks
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