Hong Kong Exchanges to Launch Crypto Index Series in November
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On November 15, Hong Kong Exchanges and Clearing (HKEX) will introduce a new virtual asset index series, marking a significant move for cryptocurrency benchmarking in Asia. This development aligns with HKEX’s goal to establish Hong Kong as a leading financial hub for digital assets, offering investors a transparent and reliable pricing index for Bitcoin (BTC) and Ether (ETH) in the Asian time zone.
Hong Kong Exchanges to Launch Crypto Index Series in November
HKEX’s Crypto Index: What to Expect
The new index will provide real-time, 24-hour volume-weighted reference prices for Bitcoin and Ether. Prices will be aggregated from top-rated virtual asset exchanges, ensuring that investors receive an accurate market reflection. Denominated in U.S. dollars, this index aims to support informed decision-making in a fast-evolving digital asset ecosystem. The index is designed to serve as a reliable benchmark for financial products, with daily reference rates calculated at 4:00 pm Hong Kong time to aid in settlement.
Reinforcing Hong Kong’s Role in Global Finance
Bonnie Y Chan, CEO of HKEX, emphasized that the new crypto index would reinforce Hong Kong's role as an international financial center. By collaborating with CCData, a UK-based benchmark administrator and subsidiary of CoinDesk, HKEX underscores its commitment to providing robust and compliant crypto asset benchmarks. With the upcoming launch, HKEX is positioning itself as a critical player in digital asset pricing and transparency, supporting the growth of Hong Kong’s virtual asset market. This move may further enhance institutional interest in digital assets across Asia, contributing to the broader adoption of cryptocurrencies in global finance.
Hong Kong Exchanges to Launch Crypto Index Series in November
HKEX’s Crypto Index: What to Expect
The new index will provide real-time, 24-hour volume-weighted reference prices for Bitcoin and Ether. Prices will be aggregated from top-rated virtual asset exchanges, ensuring that investors receive an accurate market reflection. Denominated in U.S. dollars, this index aims to support informed decision-making in a fast-evolving digital asset ecosystem. The index is designed to serve as a reliable benchmark for financial products, with daily reference rates calculated at 4:00 pm Hong Kong time to aid in settlement.
Reinforcing Hong Kong’s Role in Global Finance
Bonnie Y Chan, CEO of HKEX, emphasized that the new crypto index would reinforce Hong Kong's role as an international financial center. By collaborating with CCData, a UK-based benchmark administrator and subsidiary of CoinDesk, HKEX underscores its commitment to providing robust and compliant crypto asset benchmarks. With the upcoming launch, HKEX is positioning itself as a critical player in digital asset pricing and transparency, supporting the growth of Hong Kong’s virtual asset market. This move may further enhance institutional interest in digital assets across Asia, contributing to the broader adoption of cryptocurrencies in global finance.