The Hong Kong Stock Exchange (HKEX) will launch its first domestic digital asset index on November 15.
According to CoinTelegraph on the 28th (local time), the new HKEX digital asset index series tracks the prices of BTC and ETH during Asian time zones. It uses a weighted average method using data collected from multiple verified exchanges. The aim is to increase the transparency of the Hong Kong digital asset market.
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Bonnie Y. Chan, CEO of HKEX, said, "The goal of HKEX's index series is to enable investors to make investment decisions based on accurate information," and "I am pleased that the introduction of the digital asset index series will meet the rapidly growing demand for virtual asset trading in the Asia region."
Meanwhile, the Hong Kong Securities and Futures Commission (SFC) is finalizing the licensing process for virtual asset exchanges that have received temporary approval. The SFC plans to form a compliance panel with licensed exchanges by early 2025.
- Reporter Hae-yeon Kang
- haeyeon41@rni.kr
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