Huobi Pro to Launch HB10 Investment Product

The new asset is based on the recently presented index of 10 cryptocurrencies
01 June 2018   794

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 Derivatives Platform Volume to Break $1B

CEO believes that these offerings engages those who wish to control risks in a volatile climate
29 December 2018   344

Huobi Derivatives Market (DM) daily crypto contracts trading volume passed $1B. This is reported by Cointelegraph.

Huobi Global launched Huobi Derivatives Market in November. New platform features BTC and ETH contracts, allowing users to arbitrage, speculate, and hedge. 

The $1B point was passed on Dec. 25. Today, Market expands its contacts with EOS. Administration said that its crypto contacts control risk and uncertainty via price limit mechanisms and supervision tools.

Huobi Global CEO Livio Weng has stressed out that the offerings aim to engage those who wish to control risks in a volatile trading climate. Strong engagement on both the newly-launched DM platform and Huobi’s main crypto exchange was spotted on December 25; their combined daily traded volume was purportedly $2 billion.

Huobi DM’s launch comes at a moment when trading volumes across various exchanges are reported to have fallen real good.

Additionally, recent report from the Blockchain Transparency Institute (BTI) claimed that the majority of the top 25 Bitcoin (BTC) trading pairs listed on CoinMarketCap (CMC) are based upon highly inflated false volumes,