United States, June 17, 2023 / AlexaBlockchain/ – BitMart, a global digital asset trading platform, has announced a strategic partnership with the Hong Kong Virtual Assets Consortium (HKVAC). The collaboration aims to enhance cooperation between the two entities in the cryptocurrency field and create a secure, trustworthy, stable, and sustainable environment for the development of virtual assets in Asia and globally.
HKVAC, founded by rating organizations and stakeholders in the virtual asset industry, including data companies, exchanges, and institutional investors, focuses on promoting industry-led security risk management. It aims to support the national and Hong Kong governments in establishing a significant position as an international financial center. HKVAC analyzes market data from major exchanges and public chains, providing objective credit ratings that reflect the reputation of trading platforms.
HKVAC plans to introduce the “Virtual Asset Index” and “Virtual Asset Exchange Rating” to serve as impartial third-party reference data for professional investors and the public engaging in related activities. The “Major Cryptocurrency Index” provided by HKVAC represents the overall performance of the top-valued cryptocurrencies in the global market, consisting of the 30 cryptocurrencies with the highest market capitalization that meet specific qualifying criteria.
The spokesperson for HKVAC, Albert Lo, expressed satisfaction with the memorandum of understanding (MOU) signed with BitMart, emphasizing their commitment to promoting innovation and development in blockchain and virtual asset technologies. The collaboration with BitMart provides valuable industry resources and data to advance the virtual asset industry and strengthen Hong Kong’s competitive position.
Sheldon Xia, Founder and CEO of BitMart, sees this partnership as a significant milestone for the company. Recognizing Hong Kong’s potential in the blockchain and virtual asset industry, BitMart aims to drive the adoption of innovative projects and foster collaboration through the alliance. The goal is to explore the global virtual asset market alongside HKVAC and provide users with a more convenient and efficient trading experience.
By signing this strategic cooperation memorandum, HKVAC and BitMart are dedicated to building a transparent, secure, and innovative virtual currency ecosystem. Their efforts contribute to the overall advancement of the virtual asset industry.
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