HKEX Unveils a Digital Asset Index
HKEX, a publicly traded global exchange group, has announced the launch of the HKEX Virtual Asset Index Series.
This new digital asset index series will provide real-time, accurate data for digital assets in the Asia-Pacific region.
It is set to go live on November 15 and will offer investors benchmarks for Bitcoin and Ether pricing in the Asian time zone.
The release of the HKEX Virtual Asset Index Series coincides with the Hong Kong Securities and Futures Commission’s (SFC) plans to issue more digital asset exchange licenses by the end of the year.
According to Eric Yip, executive director at the SFC, there has been positive reception to the SFC’s efforts to increase licensing.
The index series will provide a single reference price for BTC and ETH by using a volume-weighted average calculated from data collected from multiple highly-rated exchanges. This will offer investors a more reliable and comprehensive view of the market.
