The stock exchange of China's technology capital Shenzhen, the Shenzhen Stock Exchange, launched an index tracking the performance of 50 blockchain firms.
According to an announcement on Dec. 24, the index will be based on the stocks of 50 companies listed on the SSE that participate in the blockchain industry.
The top 50 blockchain-related stocks are ranked based on their average daily market value over the past six months.
The index is updated two times per year: on the second Friday of June and December.
In March 2018, SSE had suspended trading of healthcare device manufacturer Lifesense while it conducted investigations into the firm and its claims regarding blockchain deployment.
SSE is one of two stock exchanges operating independently in mainland China.
According to stock market data website TradingHours, the SSE's market capitalization is $3.12 trillion, making it the fourth largest in Asia and the eighth largest in the world.
Major exchanges are beginning to list indexes that track blockchain and cryptocurrency-related firms.
As Cointelegraph reported in mid-October, Nasdaq listed the AI-powered CIX100 index created by crypto data provider Cryptoindex.
In September, Nasdaq also listed a blockchain decentralized finance index called Defix, which includes projects such as proof-of-work blockchain Amoveo, decentralized exchange protocol 0x and prediction market Augur.
China's Shenzhen Stock Exchange Launches Index of 50 Blockchain Firms
gepubliceerd op Dec 25, 2019
by Cointele | gepubliceerd op Coinage
Coinage
Recent nieuws
Alles zien
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.