Hong Kong Exchanges and Clearing to Launch Crypto Index in November

Hong Kong Exchanges and Clearing (HKEX) will launch a virtual asset index series on Nov. 15, the company announced on Monday. The index will be administered and calculated by CCData, a UK-registered benchmark administrator and virtual asset data and index provider. The index series will include a reference index for bitcoin (BTC) and ether (ETH), as well as a reference rate for bitcoin and ether. The reference index is a 24-hour volume weighted reference spot price of bitcoin or ether, using prices aggregated from top-rated virtual asset exchanges. It will be calculated in real-time and denominated in U.S. dollars.

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