Hong Kong Makes History With Asia’s 1st EU-Regulated Crypto Index Launch

Quick Summary:

A new era will dawn at the Hong Kong Stock Exchange (HKEX) next month as the stock market introduces a pioneering index in Asia designed for crypto. Market analysts see this as a trailblazing initiative that will open new opportunities in the Asian financial hub as it integrates cryptocurrencies into the stock market.

The reference exchange rate in the new index adjusts the Asia trading benchmarks with other benchmarks across the globe.

HKEX also confirmed that the index would reflect current US dollar prices, with real-time tracking and updates.

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Article Details

Author / Journalist: Christian Encila

Category: Crypto

Markets: HungaryHong Kong

Topics: Asia Crypto HKEX Hong kong Bitcoin Ethereum Crypto News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-29 @ 03:00:24 (3 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 419 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 23316601

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Official Website: bitcoinist.com

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News Last Updated: 8 hours ago

Coverage Areas: Hungary

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