BitgetX Joins Hong Kong Virtual Asset Consortium Enhancing Crypto Ratings
BitgetX Joins HKVAC
BitgetX, a prominent cryptocurrency exchange, has officially joined the Hong Kong Virtual Asset Consortium (HKVAC). This collaboration marks a significant step in enhancing the transparency and reliability of cryptocurrency ratings and indices.
Enhancing Cryptocurrency Ratings
The HKVAC, launched recently with Huobi as its first member, aims to provide comprehensive ratings services for cryptocurrencies. By joining this consortium, BitgetX aligns itself with a growing network of exchanges committed to improving market clarity and investor confidence.
Introduction of Strategic Indexes
HKVAC plans to release two key indexes to serve the cryptocurrency market. The first, the Cryptocurrency Large Market Cap Index, will focus on the 30 largest cryptocurrencies by market capitalization, determined using a seven-day median approach. This index will undergo quarterly rebalancing to ensure it remains current and reflective of market trends.
Future Risk Rating Based Index
In addition to the market cap index, HKVAC is set to introduce a Cryptocurrency Risk Rating Based Index. This upcoming tool will provide investors with a nuanced understanding of the risk factors associated with various digital assets, promoting informed decision-making.
Conclusion: Advancing Market Insight
BitgetX's membership in the HKVAC signifies a collaborative effort to enhance the cryptocurrency market's structure. By developing and implementing these strategic indexes, the consortium aims to offer valuable insights, driving greater transparency and stability within the cryptocurrency sector. This initiative is poised to benefit both seasoned investors and newcomers seeking reliable market data.
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