HKEX launching virtual asset index

Hong Kong Exchanges and Clearing Limited (HKEX) announced on Oct.28 on the launch of the HKEX Virtual Asset Index Series (Index Series), to offer a reliable benchmark for BTC/USD, ETH/USD and ETH/BTC. The Index Series will go live on 15 November 2024.

The Reference Index is a 24-hour volume weighted reference spot price of Bitcoin or Ether, using prices aggregated from top-rated virtual asset exchanges, calculated in real-time and denominated in US dollars. Meanwhile, the Reference Rate is designed for the settlement of financial products, calculated daily at 4:00 pm Hong Kong time. More details on the design and calculation methodology of the Index Series to be announced.

OKX partners with Standard Chartered as 3rd party custody

OKX Exchange announced the appointment of Standard Chartered Bank as a third-party crypto custodian for its global institutional business.

Announcement links are

• OKX: https://www.okx.com/learn/okx-standard-chartered
• Standard Chartered: https://www.sc.com/en/press-release/okx-names-standard-chartered-as-institutional-third-party-custody-partner/

Preivously in 2023 Binance also announced similar tri-party agreement, but didn't disclose the banking partner https://www.binance.com/en/blog/vip/binance-pilots-banking-triparty-agreement-to-help-institutional-investors-manage-counterparty-exposure-6193507006097722519

Binance introduced Binance Wealth for wealth managers

Binanced introduced Binance Wealth, technological solution specifically designed for wealth managers and their high-net-worth clients.Binance Wealth is announced to offer a streamlined, intuitive platform for wealth managers to oversee their clients’ exposure to crypto assets on Binance.Without further detail, it looks like an end-to-end trading and investment management solution which only includes Binance exchange, and potentially Ceffu custody and Binance wallet.

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