Introduced by the HKVAC (Hong Kong Virtual Asset Consortium), the Hong Kong Virtual Asset Index has unveiled a comprehensive range of virtual assets that has expanded beyond traditional cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) to include stablecoins and other major altcoins.
Hong Kong Announces Altcoins in Virtual Asset Index
Listed tokens WBTC, BTCB, stETH, BCH, LTC, BNB, MATIC, ADA, ATOM, FIL, NEAR, ALGO, ICP, XRP, DOGE, DOT, WTRX, SHIB, TRX, LINK, LEO, XMR, XLM, OKB, It covers a wide spectrum including LDO, HBAR, VET, QNT, FTM and EOS.
As an institution, HKVAC has received support from key figures such as Hong Kong legislator Johnny Ng, as well as cryptocurrency exchanges Huobi and KuCoin.
In addition, the CEO of crypto exchange Binance “CZ” tweeted about the subject. “Hong Kong is advancing,” CZ tweeted.
HK moving forward. pic.twitter.com/BY4Bg6qHOu
— CZ 🔶 Binance (@cz_binance) June 27, 2023
As the virtual asset ecosystem continues to evolve, initiatives like the HKVAC index play a role in providing insights and facilitating market understanding.
However, market participants must evaluate the suitability of such indices against their investment objectives, risk tolerances and compliance requirements in order to make informed decisions in the ever-changing virtual asset environment.
*Not investment advice.
