The Hong Kong Exchanges and Clearing Ltd. (HKEX) has announced the launch of its crypto price indexes, which will provide a reliable benchmark for the rapidly growing asset class.
Named the “HKEX Virtual Asset Index Series,” these indexes will be available starting on November 15 and will offer a single reference price for cryptocurrencies such as Bitcoin and Ether during the Asian time zone.
Separate reference indexes will be provided for Bitcoin and Ether, with individual reference rates for each currency.
CEO of HKEX, Bonnie Y Chan, stated that these indexes were created to meet the increasing demand for cryptocurrencies in the region. By offering transparent and real-time benchmarks, the goal is to support informed investment decisions and bolster Hong Kong’s role as an international financial hub.
