Hong Kong Exchange To Launch Virtual Asset Index Series In 2024

According to BlockBeats, the Hong Kong Exchanges and Clearing Limited (HKEX) has announced plans to introduce a new virtual asset index series on November 15, 2024. This initiative aims to provide a reliable benchmark price for the rapidly emerging asset class of virtual assets, supporting Hong Kong's ambition to become a leading digital asset hub in Asia. The index series will offer transparent and dependable benchmark pricing for Bitcoin and Ethereum within the Asian time zone, specifically UTC+8. By establishing a unified reference price for virtual assets, the series seeks to address the issue of price discrepancies for these assets across global exchanges. This move is expected to enhance the credibility and stability of virtual asset pricing in the region, contributing to the broader development of Hong Kong as a central player in the digital asset market.