Singapore Exchange aims to become Asia's benchmark for bitcoin pricing

Singapore Exchange is creating two new cryptocurrency indexes with the goal of setting the pricing standard for Bitcoin and Ethereum in Asia. SGX’s iEdge Bitcoin Index and iEdge Ethereum Index will use inputs from exchanges determined by CryptoCompare, according to the methodology. 

The aim is for the gauges to become reference points for trading in those cryptocurrencies during Asian hours, according to SGX’s Head of Index Services Simon Karaban. “It’s important to bring transparency to this segment of the market,” Karaban said in an interview.