BitgetX joins HKVAC as it aims for exchange license in Hong Kong By Cointelegraph
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According to a July 4 announcement, cryptocurrency exchange BitgetX has joined the Hong Kong Virtual Asset Consortium (HKVAC), which provides ratings services and indexes to cryptocurrencies.
Launched on May 31 with Huobi as its inaugural member, the HKVAC will produce two indexes. The Cryptocurrency Large Market Cap Index will be based on the 30 highest capitalized cryptocurrencies according to a seven-day median, with other criteria and quarterly rebalancing. There will also be a Cryptocurrency Risk Rating Based Index in the future. Fiona Fan, founding member of HKVAC, commented:
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According to a July 4 announcement, cryptocurrency exchange BitgetX has joined the Hong Kong Virtual Asset Consortium (HKVAC), which provides ratings services and indexes to cryptocurrencies.
Launched on May 31 with Huobi as its inaugural member, the HKVAC will produce two indexes. The Cryptocurrency Large Market Cap Index will be based on the 30 highest capitalized cryptocurrencies according to a seven-day median, with other criteria and quarterly rebalancing. There will also be a Cryptocurrency Risk Rating Based Index in the future. Fiona Fan, founding member of HKVAC, commented:
Continue Reading on Coin Telegraph
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