{"id":173610,"date":"2023-10-13T17:33:01","date_gmt":"2023-10-13T12:03:01","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=173610"},"modified":"2023-10-13T17:33:01","modified_gmt":"2023-10-13T12:03:01","slug":"hong-kongs-hkvac-adds-xrp-hedera-maker-quant-in-indexes-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/hong-kongs-hkvac-adds-xrp-hedera-maker-quant-in-indexes-crypto-news\/","title":{"rendered":"Hong Kong’s HKVAC Adds XRP, Hedera, Maker, Quant In Indexes – Crypto News"},"content":{"rendered":"

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Hong Kong\u2019s rating agency HKVAC<\/strong> announced on Monday that it has added Hedera<\/strong> (HBAR), Maker<\/strong> (MKR), and Quant<\/strong> (QNT) to its key indexes. Moreover, XRP<\/strong> has replaced Circle\u2019s USD Coin (USDC) stablecoin in the top crypto indexes. It removed crypto assets such as Cryptonex, ICP, and HEX from the large market cap indexes.<\/p>\n

HKVAC Adds XRP In Top Index Amidst Rebalancing<\/h2>\n

According to an official announcement<\/a> on October 13, Hong Kong\u2019s HKVAC revealed the rebalancing results of the HKVAC Key Indexes and HKVAC Market Indexes. It mentions that all changes in indexes will come into effect by October 20.<\/p>\n

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The world\u2019s top five large cryptocurrency indices are now \u2014 BTC, ETH, USDT, BNB, and XRP. The original USDC is replaced by XRP<\/strong> in the HKVAC Cryptocurrency Global Large Top5 Index and the HKVAC Cryptocurrency Global Large Top5 Equal Weight Index.<\/p>\n

XRP move to top crypto seems to have come amid recent developments in the U.S. SEC v. Ripple Labs lawsuit. Judge Torres denied SEC\u2019s motion to file an interlocutory appeal, marking another win for the XRP community.<\/p>\n

In addition, Hedera<\/strong> and Maker<\/strong> are added to the HKVAC Cryptocurrency Global Large Market Cap Index in place of Cryptonex (CNX) and Internet Computer (ICP). The total number of constituents will remain unchanged at 30.<\/p>\n

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The changes in the HKVAC Cryptocurrency Large Market Cap Index are adding Hedera, Maker, and Quant. It removed Cryptonex, Internet Computer, and HEX from the index. Meanwhile, there are no changes in other global large top 10 indexes.<\/p>\n

Hong Kong Digital Assets Market Grabbing Attention<\/h2>\n

<\/p>\n

The launch of HKVAC index amid a major push for the global digital asset industry made significant buzz. Binance CEO Changpeng \u201cCZ\u201d Zhao is excited by recent developments. He wrote, \u201cHK moving forward.\u201d<\/p>\n

HKVAC issued virtual asset index<\/a> includes WBTC, BTCB, stETH, BCH, LTC, BNB, MATIC, ADA, ATOM, FIL, NEAR, ALGO, ICP, XRP, DOGE, DOT, WTRX, SHIB, TRX, LINK, LEO, XMR, XLM, OKB, LDO, HBAR, VET, QNT, FTM, EOS.<\/p>\n

Hong Kong\u2019s institutional and retail landscape for growing and grabbing attention amid rising regulatory scrutiny in other countries.<\/p>\n

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Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry. <\/p>\n<\/p><\/div>\n

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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n

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Hong Kong\u2019s rating agency HKVAC announced on Monday that it has added Hedera (HBAR), Maker (MKR), and Quant (QNT) to its key indexes. Moreover, XRP has replaced Circle\u2019s USD Coin (USDC) stablecoin in the top crypto indexes. It removed crypto assets such as Cryptonex, ICP, and HEX from the large market cap indexes. HKVAC Adds […]<\/p>\n","protected":false},"author":2,"featured_media":162142,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[192,29,198,194,195,199,196,193,197,200],"class_list":["post-173610","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-blockchain-business","tag-business","tag-coins","tag-crypto-business","tag-cryptocurrency-business","tag-fiat","tag-metaverse-business","tag-nft-business","tag-token","tag-token-business"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/173610","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=173610"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/173610\/revisions"}],"predecessor-version":[{"id":173615,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/173610\/revisions\/173615"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/162142"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=173610"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=173610"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=173610"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}