HKEX Announces a Crypto Index

On Tuesday, the HKEX announced the launch of the HKEX Virtual Asset Index Series in an effort to support Hong Kong’s fintech development and establish the city as a major digital assets hub in Asia.

Scheduled to debut on November 15, 2024, the Index Series aims to provide investors with transparent and verifiable benchmarks for Bitcoin and Ether prices during the Asian time zone.

Through aggregating prices from highly-rated virtual asset exchanges, the Index Series seeks to offer a consistent reference price for these assets, addressing the issue of differing prices across global exchanges, according to HKEX.

HKEX CEO Bonnie Y Chan stated that by offering real-time benchmarks, they are empowering investors to make well-informed decisions, contributing to the growth of the virtual asset landscape and reinforcing Hong Kong’s position as a premier financial center.