Huobi Pro to Launch HB10 Investment Product

The new asset is based on the recently presented index of 10 cryptocurrencies
01 June 2018   1387

The Huobi Pro Exchange has launched the HB10 offering retail investors the opportunity to invest directly in the basket of digital assets.

HB10 will use the full replication method and its holdings are adjusted according to the component coin pairs of Huobi main force index and their weights, so as to effectively track the underlying index trend.

By exchanging for HB10, users can hold Huobi main force index. Users can have the opportunity to exchange for a basket of corresponding digital assets so that they can invest in a non-systemic risk diversification digital asset portfolio with fewer virtual currencies.
 

Huobi Team

The new asset is based on the recently presented index of 10 cryptocurrencies. The components of this index represent the most liquid assets traded on Huobi.pro. These crypto assets are ranked according to their liquidity, average daily trading volume, and volatility indicators.

HB10 can be traded in pairs with other crypto-currencies, including bitcoin, Ethereum (ETH), Huobi Token (HT) and tokenized USD (USDT). At the same time, at present the commission is extremely low - from 0 to 0.1% (depending on the volume of trades).

According to representatives of the trading platform, a new investment product will also be available for institutional investors. At the same time, due to the complicated regulatory environment and legal uncertainty regarding the crypto-currency ETF (traded funds on the exchange), HB10 will not be available to investors from the US.

Huobi Chain to Go Open Source

According to the GitHub label, it is written in Rust
13 November 2019   107

Huobi Chain developers have posted a source code for DeFi services-oriented blockchain on GitHub. Later, regulatory control tools are integrated into it, reports CoinDesk.

Part of the technical infrastructure of the project is provided by the Nervos blockchain startup. Company representative Bo Wang explained that the built-in components will allow regulators to control the placement of contracts, asset ownership and transactions.

Regulators and financial institutions will be able to block assets and accounts through sidechains in case of emergency, Wang added.

It is anticipated that these decisions will ensure compliance with anti-money laundering standards.

Supervision nodes will enable regulators to independently run and maintain nodes, extract data, and participate in the ecosystem’s supervision.
 

Bo Wang

Researcher, Nervos

Huobi Chain will also provide tools for pre-auditing deployed applications.

It's worth noting that Rust is noted as a programming language of the Huobi Chain at the GitHub.

Huobi announced the development of the blockchain in July. It was expected that the network code will be open in the III quarter, and the test network will work at the beginning of next year.