Bitcoin

Bold

<p>HKEX just took a bold step toward making Hong Kong a central player in the crypto market. By launching its own <a href="https://www.hkex.com.hk/News/News-Release/2024/241028news?sc_lang=en" target="_blank" rel="noreferrer noopener nofollow">Virtual Asset Index Series</a>, HKEX is laying down a strong foundation for transparent, real-time tracking of Bitcoin and Ether prices. And it’s not just a small local push—this launch is set to impact how Asia trades and views digital assets. Set for November 15, this index might be the thing that makes Hong Kong stand out in the crypto space.</p>   
<p>Eager to know more? Dive right in with us. </p>   
<h2 class="wp-block-heading" id="h-what-makes-the-hkex-index-unique">What Makes the HKEX Index Unique?</h2>   
<p>So, what’s special about HKEX’s new index? First and foremost, it offers investors real-time, volume-weighted prices specifically designed for the Asian time zone. HKEX has created two main tools for this: the Reference Index and the Reference Rate. The Reference Index continuously tracks prices 24/7, while the Reference Rate gives a daily snapshot at 4:00 PM Hong Kong time. </p>   
<p>This dual setup ensures that prices are not only reliable but also precise, addressing a major challenge in global crypto pricing. Additionally, Hong Kong has introduced its first BMR-compliant virtual asset index, boosting credibility for investors cautious about typical fluctuations in the crypto market.</p>   
<h2 class="wp-block-heading" id="h-teaming-up-with-ccdata">Teaming Up with CCData</h2>   
<p>To make this initiative a reality, HKEX has partnered with CCData, a UK-based data group recently acquired by CoinDesk. CCData will handle the calculations and real-time data updates, using their established methodology to ensure high-quality information. This partnership promises to deliver a new index with increased transparency for investors.</p>   
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<p>Through this collaboration, HKEX will obtain data from top-rated exchanges, adding an extra layer of trust to their Bitcoin and Ether prices. CCData shared their excitement about the partnership in a recent post on X, promising high-quality data specifically tailored for Asia’s market.</p>   [post_titles_links postid="373157"]   
<h2 class="wp-block-heading" id="h-hong-kong-the-new-digital-asset-leader">Hong Kong - The New Digital Asset Leader? </h2>   
<p>Hong Kong has shown a serious commitment to digital assets, and the launch of the HKEX index series marks a significant step toward achieving those goals. With the right tools and credibility in place, the city is positioning itself as a leader in the digital asset space. </p>   
<p>For investors, this means more options and better information—a significant win for anyone interested in crypto in Asia. With the new index, HKEX is set to act as a <a href="https://coinpedia.org/news/hong-kong-to-license-more-crypto-exchanges/" target="_blank" rel="noreferrer noopener">super-connector</a> between East and West, potentially transforming the crypto market.</p>   
<p><strong>What are your thoughts on HKEX's new crypto index? Share your insights.</strong></p>

Hong Kong’s HKEX Launches Real-Time Bitcoin & Ether Crypto Price Index

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