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Hong Kong’s HKEX Launches Real-Time Bitcoin & Ether Crypto Price Index
The post Hong Kong’s HKEX Launches Real-Time Bitcoin & Ether Crypto Price Index appeared on BitcoinEthereumNews.com. HKEX just took a bold step toward making Hong Kong a central player in the crypto market. By launching its own Virtual Asset Index Series, 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. Eager to know more? Dive right in with us. What Makes the HKEX Index Unique? 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. 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. Teaming Up with CCData 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. /1 We are proud to be appointed as the calculation and administering agent for the HKEX Virtual Asset Index Series. This includes:???? HKEX Bitcoin and Ether Reference Indices???? HKEX Bitcoin and Ether Reference Rates — CCData (@CCData_io) October 28, 2024 Through this collaboration, HKEX will obtain data from…
The post Hong Kong’s HKEX Launches Real-Time Bitcoin & Ether Crypto Price Index appeared on BitcoinEthereumNews.com.
HKEX just took a bold step toward making Hong Kong a central player in the crypto market. By launching its own Virtual Asset Index Series, 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. Eager to know more? Dive right in with us. What Makes the HKEX Index Unique? 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. 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. Teaming Up with CCData 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. /1 We are proud to be appointed as the calculation and administering agent for the HKEX Virtual Asset Index Series. This includes:???? HKEX Bitcoin and Ether Reference Indices???? HKEX Bitcoin and Ether Reference Rates — CCData (@CCData_io) October 28, 2024 Through this collaboration, HKEX will obtain data from…
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