The Hong Kong Stock Exchange (HKEX), the world’s sixth largest stock exchange, announced on November 15 that it will introduce a virtual asset index series.
Hong Kong Stock Exchange to Launch Virtual Asset Index Series for Bitcoin and Ethereum
This new index aims to provide a combined reference price for Bitcoin (BTC) and Ethereum (ETH) during Asian trading hours.
The index series will be the first of its kind in Hong Kong to comply with the EU Benchmark Regulation (BMR), which ensures transparency and standardisation in pricing data.
The initiative reflects the region’s growing push to legitimize digital assets and integrate them into traditional financial markets.
The index will be jointly managed and calculated by CCData, a UK-based data provider renowned for providing high-quality digital asset market data. Supporting Regional Growth in Digital Assets The launch of the virtual asset index series marks an important step in Hong Kong’s emergence as a leading hub for digital assets.
With increasing institutional interest and regulatory clarity, the region is positioning itself to offer reliable benchmarks for virtual assets tailored to Asia’s time zone.
HKEX’s move follows several other global efforts to provide regulated crypto benchmarks that offer investors a standard way to monitor prices and manage risks in cryptocurrency markets.
*This is not investment advice.
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Source: https://en.bitcoinsistemi.com/hong-kong-stock-exchange-hkex-releases-new-announcement-for-bitcoin-and-ethereum/