The Hong Kong Stock Exchange (HKEX) is launching the first cryptocurrency index in Asia that complies with European Union standards for Bitcoin and Ethereum, aiming to provide more accurate pricing in Hong Kong.
The Hong Kong Stock Exchange (HKEX) is launching the first cryptocurrency index in Asia that complies with European Union standards for Bitcoin and Ethereum, aiming to provide more accurate pricing in Hong Kong. This index will offer real-time reference prices in U.S. dollars, aligned with Asian trading hours. This move by the Hong Kong Stock Exchange is particularly significant for Web3 projects, as the expanding market requires more precise valuation mechanisms. The primary goal of this index is to strengthen the crypto market and attract investors, especially those seeking greater security and transparency. Hong Kong’s positive approach to cryptocurrencies, along with tax incentives, has attracted investors and crypto companies to the city.
Source: siamblockchain.com
