HONG KONG - Hong Kong Exchanges and Clearing Limited (HKEX) has launched a cryptocurrency benchmark to meet the city's demand for real-time data on the emerging asset class.
Hong Kong's stock exchange operator announced the HKEX Virtual Asset Index Series on Oct 28, which will provide single, real-time and daily reference prices for Bitcoin and Ether in the Asian time zone.
The index will go live on Nov 15.
"We've seen rising demand for this fast-emerging asset class and, with that, a greater need for transparent and reliable benchmarks to enhance understanding and price discovery," a HKEX spokesperson told The Straits Times.
When asked if the index would be expanded to include other virtual assets and digital currencies, the spokesperson noted that "the current focus will be on successfully launching the index series and educating the market".
Esta historia es de la edición October 29, 2024 de The Straits Times.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición October 29, 2024 de The Straits Times.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
M2M to reunite for Singapore concert
It has been 22 years since they went away, but Norwegian pop duo M2M are back and coming to Singapore.
Industry sources say the author also wrote BTS memoir
Hybe's document on K-pop industry trends
Paddington Bear's 'high jinks' are back in third movie
LONDON - Paddington is back and he has lost none of his \"charm\" and \"high jinks\", according to English actor Hugh Bonneville, who again guides the trouble-prone bear through the third film in the hit series that saw its premiere on Nov 3.
Quincy Jones left indelible imprints on jazz, pop and hip-hop
LOS ANGELES - Quincy Jones, a major influence on American music in his work with artists ranging from Count Basie to Frank Sinatra and who then reshaped pop music by collaborating with Michael Jackson, died on Nov 3 at the age of 91.
Young Chinese pianist brings wealth of emotion
There are so many young Chinese pianists plying their art these days that it is easy to reduce them to Lang Lang, Yuja Wang, Li Yundi and the rest.
White faces, open mouths
Avant-garde Japanese dance butoh finds foothold in Singapore
Seeking sleep at Hoshinoya Tokyo
TOKYO In December 2023, I check into Hoshinoya Tokyo for a sleep retreat.
Explore the bustling Ginza and Marunouchi districts in Tokyo
Ginza, located near Tokyo Station, is one of the city's busiest high-end shopping districts.
Pastoral and scenic views at JW Marriott Jeju Resort & Spa
JEJU - The island bursts with juicy tangerines, and is where women well into their 80s free dive for seafood against a backdrop of dormant volcanoes and tea estates.
Connecting with the city's past at The Murray Hong Kong
Although brand-new hotels pop up all the time, restored heritage buildings-turned-hotels have an allure of their own.
