Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»TRADING NEWS»XRP withdraws from Hong Kong cryptocurrency index
TRADING NEWS

XRP withdraws from Hong Kong cryptocurrency index

By Crypto FlexsJanuary 14, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
XRP withdraws from Hong Kong cryptocurrency index
Share
Facebook Twitter LinkedIn Pinterest Email

The Hong Kong Virtual Asset Consortium (HKVAC) has updated its cryptocurrency indices, bringing significant changes to the top 5 and top 10 cryptocurrency indices. In particular, XRP was excluded from the world’s top five cryptocurrency indices, replacing Solana.

Solana’s Ascension and Tron’s Restoration

Solana’s emergence as the fourth-largest cryptocurrency by market capitalization last month was a key factor in its inclusion in the HKVAC index. Meanwhile, Tron showed a remarkable recovery, overcoming the decline in the 2018-2020 bear market and rebounding 100% in 2023.

AVAX’s growing appeal

Avalanche (AVAX) replaced TRON in the index, partly due to its growing appeal within the traditional financial world. Banks such as JPMorgan and Citi have partnered with the Avalanche Foundation for asset tokenization initiatives, highlighting the growing integration of traditional finance with blockchain technology.

New additions to large-scale cryptocurrency indices

HKVAC’s global large-cap cryptocurrency index welcomes new entrants such as Internet Computer (ICP), Near Protocol (NEAR), Optimism (OP), Injective (INJ) and Immutable (IMX), highlighting the dynamic nature of the cryptocurrency market and their reflects the new importance of Digital assets.

Source: HVAC

Hong Kong’s active stance on cryptocurrency

This index revision is consistent with Hong Kong’s proactive approach to the cryptocurrency sector. Financial regulators in the region announced readiness to welcome spot cryptocurrency ETFs after the U.S. SEC approved applications for 11 spot bitcoin ETFs in January. Hong Kong’s Securities and Futures Commission (SFC) insists that cryptocurrency trading by these ETFs must be conducted through SFC-licensed platforms or approved financial institutions to ensure regulatory compliance.

Changing cryptocurrency environment

Changes in the HKVAC cryptocurrency index highlight the changing landscape of the cryptocurrency market. The inclusion and exclusion of certain cryptocurrencies reflects changes in market trends, technological developments and investor interest, further highlighting the dynamic and fast-paced nature of this sector.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Why Bakkt Holdings can buy Bitcoin with a $ 1 billion increase

June 27, 2025

Why I am still optimistic despite noise

June 26, 2025
Add A Comment

Comments are closed.

Recent Posts

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025
Most Popular

XRPL EVM Sidechain: New Update Signs Potential Resurgence in XRP Price – The Defi Info

January 25, 2024

‘I am not a coin’

February 9, 2025

Top analysts now see a window of opportunity for Bitcoin and altcoins to explode. But there’s a catch.

December 25, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.