The calculation of indices will be launched on the trading platform on November 15, Hong Kong Exchanges and Clearing reported. Clients are promised aggregate HKEX reference indices for Bitcoin and Ethereum, as well as data for each cryptocurrency separately.
“HKEX intends to provide exchange clients with an up-to-date series of flagship virtual asset indices in real time. Goal: To meet the growing demand of market participants in the Asian time zone,” the exchange said in a statement.
The reference index is based on updated daily Bitcoin and/or Ether spot price data aggregated from major cryptocurrency exchanges. The indices will be denominated in US dollars.
HKEX is the third largest exchange in Asia by market capitalization. Since 2022, the company has been developing a specialized trading area – working with “innovative technologies”.
Source: Bits
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