HKVAC (Introduced by the Hong Kong Virtual Asset Consortium) Hong Kong Virtual Asset Index, Bitcoin (BTC) and Ethereum (ETH) like traditional cryptocurrency announced a comprehensive range of virtual assets that has expanded beyond its currencies 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 like Hong Kong legislator Johnny Ng, as well as cryptocurrency exchanges Huobi and KuCoin.
Also, CEO of cryptocurrency exchange Binance “CZ” tweeted on the subject. “Hong Kong is advancing,” CZ wrote in his tweet.
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.
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