Huobi Group has launched th Huobi 10 Index or “HB10,” an index designed to track 10 well-known digital assets with largest market value and most liquidity.
By measuring the overall performance of those digital assets that are traded against USDT on Huobi Pro, HB10 seeks to enable traders to use the index to diversify their portfolios, track their trading performance and the market more efficiently.
HB10, which is targeting both retail and institutional investors, also wants to improve the overall liquidity of digital assets and diversify the trading with different types of coins.
Huobi says that during a subscription period, traders may exchange HB10 product with USDT, BTC, ETH, and HT. Three days after the subscription period is over, HB10 can be traded in USDT on Huobi Pro.
HB10 wants to provide a familiar view of the cryptocurrency market and hopes to bridge the gap between traditional and crypto markets. HB10 wants to appeal to both passive investors and speculators.
Available on Huobi.Pro, users may log in and view the Huobi10 Index now, updated ever 15 seconds. The trading price of the HB10 is quoted from the Huobi exchange. Note that Huobi Pro is not currently available for US investors.
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