HUOBI LAUNCHES NEW CRYPTO MARKET INDEX - HUOBI 10

Huobi, which is one of the top 3 cryptocurrency exchanges in the world, announced that they will be launching a new crypto market index called Huobi 10

According to a press release, Huobi 10 will track 10 different digital assets traded against tether (USDT), a dollar-pegged cryptocurrency, on its platform in real time.
This will allow the index to “reflect the overall performance of Huobi Pro market," enabling investors to get an aggregated feed rather than having to check on individual assets one at a time.

The list includes Bitcoin (25.96%), Huobi Token (25.57%), EOS (15.57%), Ethereum (12.30%), Bitcoin Cash (5.55%), XRP (4.30%), LTC (3.31%), IOST (3.02%), Ethereum Classic (2.57%), Dash (1.82%)

COMPOSITION OF HUOBI 10 INDEX

You can check out Huobi’s official release here: https://www.huobi.pro/huobi_index/
And you can join Huobi here: https://www.huobi.br.com/en-us/topic/invited/?invite_code=da523

Huobi's Office Press Release:

Maintaining Alpha Through High Performance

According to the historical data from March to May, the alpha of Huobi 10 Index compared to BTC is -0.0028, while the beta of the index based on BTC is 0.79. And to top it off, Huobi 10 Index has scored well against Bitcoin (BTC) as well. This proves that Huobi 10 Index is effective in maintaining alpha while suppressing volatility.

A Whole New World Of Financial Products

With the creation of the Huobi 10 Index, Huobi is opening the gates to a host of blockchain financial products like crypto ETFs and blockchain derivative products. And the wait isn't too long either as these are expected to be released as soon as early June.

Earlier this year, with the launch of bitcoin futures there was talk of bitcoin indexes and bitcoin ETFs being launched. Huobi aims to bring investors one step closer to this with Huobi 10 and the crypto ETFs and financial products based on it.

Truly exciting times are ahead of us.