Hong Kong Exchanges and Clearing Limited (HKEX), a major global exchange group, announced it will launch the HKEX Virtual Asset Index Series (index series) on Nov. 15. The index is expected to provide a transparent and reliable benchmark for pricing Bitcoin (BTC) and Ethereum (ETH) in the Asian time zone.

According to a statement released by the exchange group, the index also demonstrates HKEX’s commitment to providing a unified reference price for virtual assets. It will also address price disparities among different cryptocurrencies. The index series will feature reference indices for BTC and ETH, in addition to reference exchange rates.

Commenting on HKEX’s planned launch of the index, Group CEO Peter Chan said:

“We are pleased to launch the HKEX Virtual Asset Index Series to meet regional demand for this rapidly emerging asset class. By providing a transparent and reliable real-time benchmark, we hope to help investors make informed investment decisions, thereby supporting the healthy development of the virtual asset ecosystem and consolidating Hong Kong’s position as an international financial center.”

HKEX’s reference indices for BTC and ETH are derived by multiplying the 24-hour volume-weighted benchmark spot prices by aggregate market prices obtained from major cryptocurrency exchanges. The reference exchange rate is calculated daily at 4 p.m. Hong Kong time.

The HKEX Virtual Asset Index Series will be the first virtual asset index series developed in Hong Kong that adheres to the EU Benchmark Regulation (BMR). It will be jointly managed and calculated by a UK-registered benchmark management agency and Ccdata.

Hong Kong’s 2022 policy statement aimed to foster a dynamic virtual asset ecosystem. The HKEX Virtual Asset Index Series will facilitate public understanding of virtual asset investment trends by offering real-time data and daily reference prices.

Hong Kong authorities will unveil the detailed design and calculation methodology of the index series at a later date.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。