Home » Singapore Alternate goals to turn into Asia’s benchmark for bitcoin pricing
Singapore Alternate is creating two new cryptocurrency indexes with the objective of setting the pricing normal for Bitcoin and Ethereum in Asia. SGX’s iEdge Bitcoin Index and iEdge Ethereum Index will use inputs from exchanges decided by CryptoCompare, based on the methodology.
The purpose is for the gauges to turn into reference factors for buying and selling in these cryptocurrencies throughout Asian hours, based on SGX’s Head of Index Companies Simon Karaban. “It’s important to bring transparency to this segment of the market,” Karaban stated in an interview.