Singapore Exchange SGX Launches Bitcoin And Ethereum Indices
3 Sep 2020 — Singapore Exchange, SGX launches Bitcoin and Ethereum indices, marking its entry into the digital currency asset class and further broadening the range of iEdge indices to its customers.
It all started early last year, when Nasdaq’s first listed #Bitcoin core and #Ethereum indices on its platform. This was followed by Germany’s Deutsche Boerse XETRA reference market where in July this year, 21Shares’ Ethereum and Bitcoin ETPs were also admitted to its list.
On September 1, the Wiener Börse AG (Vienna Stock Exchange) reported that products on Bitcoin and Ethereum would be listed for the first time on its official market. On the same day, SGX Index Edge announced that it would launch #crypto indices.
While the indexes do not enable SGX users to trade cryptocurrencies, the price feeds can be used as a way to track the price fluctuations of the crypto assets in real-time from a trusted and regulated source.
The first-of-its-kind collaboration in Asia-Pacific with U.K. based crypto data firm CryptoCompare, SGX new listing of crypto indices signify a boost to the institutional adoption of cryptocurrency in the region.
Quote: Simon Karaban, Head of Index Services at SGX,
James Harris, Commercial Director of CryptoCompare