TradingView to Add HB10 Index

HB10 tracks 10 popular assets traded on the Huobi exchange paired with the tokenized US dollar
04 March 2019   593

TradingView, a popular online service for traders, has added the first cryptocurrency index to the platform. As stated in the press release, this is the HB10 index from the Huobi bitcoin exchange.

As a go-to site for high-volume and API traders as well as the retail commodity, forex, and of course crypto trading community around the world, we feel TradingView is a perfect fit for HB10. We're both pleased and honoured to have ours be the first crypto fund of its kind listed there.
 

Livio Weng

Global's CEO, Huobi

At the same time, all cryptocurrency pairs presented on the Huobi exchange have been added to TradingView.

HB10USDT Crypto Chart at Trading VIew
HB10USDT Crypto Chart at Trading VIew

HB10 was launched at the end of May 2018. It tracks 10 popular assets traded on the Huobi exchange paired with the tokenized US dollar. An investment product is linked to the index, which allows traders to invest in the entire basket of assets.

Last week it became known that all the operating activities of the Australian division of Huobi will be transferred to the head office of the company.

Fake Trading Share to Reach 68%, - FTX Global

This figure, however, is significantly lower than what Bitwise's report and the discrepancy is explained by the difference in methodology
04 July 2019   1186

The exchange of derivatives FTX Global and Alameda Research conducted a study that estimated the volumes of fictitious transactions (wash trades), presumably prevailing in many cryptocurrency exchanges.

The report says that 68.6% of trading volumes displayed by CoinMarketCap are fake. This figure, however, is significantly lower than what Bitwise Asset Management announced in March.

The discrepancy between the results in almost 30% of the authors of the new study is explained by the difference in methodology. So, FTX Global is sure that Bitwise used an too strict approach to data analysis, which is why a significant proportion of real trading volumes fell into the category of fake ones.

While our methods are not foolproof, we believe they paint the most accurate picture of the true nature of cryptocurrency trading volume that anyone has made publicly available as of yet.
 

FTX Global Team

The Alameda methodology involves verifying the authenticity of data on trading volumes on various exchanges based on six different parameters, including manual verification of information and comparison of order books.

FTX Global Website
FTX Global Website

In particular, the experts found out that some sites provided data on the volumes of foreign exchanges for their own, with a slight delay in time. Other platforms used more advanced techniques - for example, they introduced large fake volumes only against the background of many smaller orders, thus trying to hide the true state of affairs.

The main purpose of these tactics is to raise the platform higher in the CoinMarketCap rating, creating a false impression of its liquidity. It also sometimes allows for the ability to charge a higher listing fee.