2024

Bitcoin

<h4><strong>On November 15th, HKEX will launch the “HKEX Virtual Asset Index Series,” a digital asset index focused on <a href="https://www.coingecko.com/en/coins/bitcoin" target="_blank" rel="noopener noreferrer nofollow">BTC</a> and ETH pricing. </strong></h4>
<p>This launch from HKEX marks a big step as Hong Kong works to expand its presence in the crypto market.</p>
<h5><strong>What is the HKEX Virtual Asset Index Series?</strong></h5>
<p>This <a href="https://www.hkex.com.hk/News/News-Release/2024/241028news?sc_lang=en" target="_blank" rel="noopener noreferrer nofollow">new index series</a> from HKEX will provide a single, reliable price for Bitcoin and Ether based on Asia-Pacific trading hours. By offering a consistent “benchmark” price, the HKEX aims to make it easier for investors to understand the true value of these digital assets in real time.</p>
<p>The index will use a volume-weighted average, meaning it gathers data from top-rated exchanges. Also, weighs the data by how much trading is going on. This method is intended to give a fair and accurate price for BTC and ETH throughout the Asian market.</p>
<blockquote class="twitter-tweet">
 <p dir="ltr" lang="en">HKEX is launching the HKEX Virtual Asset Index Series, supporting Hong Kong’s development as Asia’s leading <a href="https://twitter.com/hashtag/digitalassets?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#digitalassets</a> hub. It will go live on 15 November 2024.</p>
 <p>For more information, please visit: <a href="https://t.co/dDJMQ19kwy" rel="noopener noreferrer nofollow">https://t.co/dDJMQ19kwy</a> <a href="https://t.co/zLC7qFGyDT" rel="noopener noreferrer nofollow">pic.twitter.com/zLC7qFGyDT</a></p>
 <p>— HKEX 香港交易所 (@HKEXGroup) <a href="https://twitter.com/HKEXGroup/status/1850752902861910445?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 28, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<h5><strong>Why is This Important?</strong></h5>
<p>For investors, having a clear and trustworthy price for assets like Bitcoin and Ether is essential. Sometimes, prices vary a lot from one exchange to another, leaving investors scratching their heads. By providing a single reference price, the HKEX index aims to make things more transparent.</p>
<p>What makes the HKEX Virtual Asset Index Series stand out even more is that it meets the European Union Benchmarks Regulation (BMR) standards, making it the first of its kind in Hong Kong. Meeting these standards shows that HKEX is aiming to keep its index in line with global benchmarks, ensuring it’s reliable and credible on an international level.</p>
<blockquote class="twitter-tweet">
 <p dir="ltr" lang="en">It has been 25 years since HKEX listed its first ETF. Since then, Hong Kong has grown into Asia’s leading <a href="https://twitter.com/hashtag/ETP?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#ETP</a> hub!</p>
 <p>Register for the HKEX ETF Summit 2024 on 5 November, where industry leaders will discuss the market dynamics shaping the <a href="https://twitter.com/hashtag/ETF?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#ETF</a> landscape. <a href="https://t.co/yMdV5Bt91W" rel="noopener noreferrer nofollow">https://t.co/yMdV5Bt91W</a> <a href="https://t.co/cbJcDVUxUD" rel="noopener noreferrer nofollow">pic.twitter.com/cbJcDVUxUD</a></p>
 <p>— HKEX 香港交易所 (@HKEXGroup) <a href="https://twitter.com/HKEXGroup/status/1849739168936550409?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 25, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>Hong Kong isn’t just stopping at a new index. It’s also planning to issue more licenses for digital asset exchanges by the end of the year. The <a href="https://www.sfc.hk/en/" target="_blank" rel="noopener noreferrer nofollow">Hong Kong Securities and Futures Commission (SFC)</a> is actively working on this goal.</p>
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<h6><strong>Disclaimer</strong></h6>
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p>
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/hkex-unveils-crypto-index-amid-hong-kong-expansion/" rel="noopener noreferrer nofollow">HKEX Unveils Crypto Index Amid Hong Kong Expansion</a> appeared first on <a href="https://www.altcoinbuzz.io" rel="noopener noreferrer nofollow">Altcoin Buzz</a>.</p>

HKEX Unveils Crypto Index Amid Hong Kong Expansion

Altcoin Buzz

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