Singapore Stock Exchange Lists Crypto Indices for First Time
Per a partnership with CryptoCompare, a UK-based cryptocurrency benchmarking site, Singapore Exchange (SGX) is listing two crypto indices through its four-year-old SGX iEdge index suite: the iEdge Bitcoin Index and the iEdge Ethereum Index.
The indices track the prices of the cryptocurrencies. The listing on Singapore’s stock exchange makes it easier for investors to keep tabs on the prices of Bitcoin and Ethereum, which rank first and second by market capitalization, respectively.
Although the indices are moving forward, Singapore’s central bank and financial regulator, the Monetary Authority of Singapore, is still working out how to regulate cryptocurrency.