Hong Kong Welcomes a Novel Virtual Asset Index for Bitcoin and Ethereum

The Hong Kong Stock Exchange (HKEX) is set to launch a regulated virtual asset index for Bitcoin and Ethereum, which will serve as a unified benchmark for the Asian region. This move is part of Hong Kong’s efforts to strengthen its position in the digital finance sector. The Virtual Asset Index Series, managed by HKEX in partnership with UK data supplier CCData, will provide real-time, volume-weighted benchmarks to address price differences across global exchanges. By adhering to the Benchmark Regulation of the European Union, Hong Kong is aligning itself with global standards for digital assets. The index aims to facilitate informed investment decisions and enhance transparency in the digital asset market by utilizing data from top exchanges. Calculated at 4:00 p.m. Hong Kong time, the daily reference price in US dollars will ensure consistency and reliability for Bitcoin trading in the Asia-Pacific region. This development is particularly significant for Bitcoin and Ethereum traders, as the new benchmark is expected to inspire investor confidence and serve as a valuable tool for market participants. Moreover, Futu Securities, the first online broker in Hong Kong to offer direct Bitcoin trading, is attracting new investors by offering incentives such as Bitcoin, supermarket vouchers, and shares in major companies like Alibaba and Nvidia.