Jersey Metropolis, NJ, June 16, 2023 (GLOBE NEWSWIRE) — BitMart, a number one world digital asset buying and selling platform, introduced right now a strategic partnership with Hong Kong Digital Belongings Consortium (HKVAC). This collaboration goals to facilitate cooperation between the 2 entities within the cryptocurrency discipline to foster a safer, reliable, steady, and sustainable setting for the event and innovation of digital belongings in Asia and worldwide.
HKVAC, based by skilled score organizations and stakeholders within the digital asset {industry}, together with information corporations, exchanges, and institutional traders, together with licensed score companies in Hong Kong, goals to advertise the significance of industry-led safety threat administration. HKVAC is devoted to aiding the nationwide and Hong Kong governments in establishing a major place as a world monetary middle. HKVAC obtains major information from main exchanges and public chains out there, analyzing the market from varied important dimensions and components. They supply neutral and goal credit score rankings that mirror the status of buying and selling platforms.
Notably, HKVAC plans to introduce the “Digital Asset Index” and “Digital Asset Change Score,” which is able to function goal third-party reference information for skilled traders and the general public when participating in associated actions.
The “Main Cryptocurrency Index” offered by HKVAC represents the general efficiency of the top-valued cryptocurrencies within the world cryptocurrency market. It consists of the 30 cryptocurrencies with the best market capitalization that meet particular qualifying standards. The index is reviewed and adjusted quarterly on the final day of every quarter (March, June, September, and December).
Albert Lo, the spokesperson for HKVAC, expressed their satisfaction with the essential memorandum of understanding (MOU) signed with BitMart. “As a consultant of digital asset stakeholders and score organizations in Hong Kong, we’re dedicated to selling innovation and improvement in blockchain and digital asset applied sciences. The collaboration with BitMart offers useful {industry} assets and information to collectively advance the event of the digital asset {industry} and strengthen Hong Kong’s aggressive place within the world digital asset market.”
Sheldon Xia, Founder and CEO of BitMart, emphasised the significance of the partnership with HKVAC, stating, “This collaboration marks a major milestone for BitMart. Acknowledging Hong Kong’s potential within the blockchain and digital asset {industry}, we purpose to drive the adoption of modern tasks and foster collaboration via this alliance. We’re excited to discover the worldwide digital asset market with HKVAC and present customers with a buying and selling expertise that’s extra handy, and environment friendly.”
By signing this strategic cooperation memorandum, HKVAC and BitMart are dedicated to constructing a extra clear, safe, and modern digital foreign money ecosystem, thereby actively contributing to the general development of the digital asset {industry}.
About HKVAC
HKVAC (Hong Kong Digital Belongings Consortium) is the primary complete group in Hong Kong devoted to serving the digital asset {industry}. HKVAC affords a variety {of professional} companies and assets to help the event and promotion of modern tasks. Upholding equity throughout all sectors, HKVAC fulfills its major features, together with: 1) collaborating with licensed score companies to supply credit score rankings for digital belongings exchanges 2) providing auxiliary companies for the collective pursuits of the {industry}, similar to fraud detection mechanisms and different obligatory merchandise and companies 3) offering information and {industry} analysis to stakeholders and regulatory our bodies to drive the event of the digital asset {industry}. HKVAC goals to revive funding confidence within the digital asset market and facilitate the wholesome development of the digital and digital asset {industry}.
The purpose of HKVAC is to make Hong Kong a number one world hub for digital belongings by fostering a affluent and safe setting for innovators and traders. By means of selling technological innovation, advancing compliance requirements, and nurturing expertise, HKVAC is dedicated to driving the sustainable improvement of the digital asset {industry} and contributing to Hong Kong’s competitiveness within the world digital asset market.
About BitMart
BitMart is the premier world digital asset buying and selling platform. With hundreds of thousands of customers worldwide and ranked among the many prime crypto exchanges on CoinGecko, it at the moment affords 1,000+ buying and selling pairs with aggressive buying and selling charges, together with Bitcoin, Ethereum, and different main cryptocurrencies. Consistently evolving and rising, BitMart is fascinated by crypto’s potential to drive innovation and promote monetary inclusion. To be taught extra about BitMart, go to their website, comply with their Twitter, or be a part of their Telegram for updates, information, and promotions. You should definitely obtain the BitMart App to simply commerce your favourite crypto anytime, wherever.
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