By
Godfrey Benjamin
May 14th, 2024
Bloomberg Terminal has announced the addition of HB10 crypto market index launched by Huobi Pro to its terminal service.
A modern icon of financial markets, Bloomberg Terminal, has announced the addition of HB10 INDEX launched by Huobi Pro, a well-recognized digital currency trading platform and exchange, to its terminal service. According to the recent news, the users of Bloomberg Terminal can now track the aggregated performance of the top-10 cryptocurrencies that are available for trading on Huobi Pro exchange.
Huobi Pro represents itself the world’s third largest exchange by trading volume, referring to CoinMarketCap. HB10, a digital asset tracking Huobi main force index, was officially launched last month. It is designed to promote the exchange and circulation of digital assets at low risks.
The HB10 INDEX is composed of 10 coins that are listed on Huobi and have the higher market value, larger scale and better circulation to reflect the overall performance of Huobi Pro’s market. The index uses weighted samples to track a pool of top-10 crypto assets traded on its platform in real-time against tether (USDT), a U.S. dollar-pegged cryptocurrency, based on their liquidity and market capitalization.
Trading data of nine cryptos against USDT on the Huobi exchange will also be listed on Bloomberg Terminal, including bitcoin, litecoin, bitcoin cash, ethereum, ethereum classic, XRP, dash, EOS and zcash.
Not so long ago, in May 2018, Huobi was joined by the former chief executive officer of the Hong-Kong based OKEx – Chris Lee. After quitting his previous position, Lee was eagerly welcomed by the Huobi team and got the role of Board Secretary and Vice President of Global Business Development.
Bloomberg Terminal represents itself the most powerful, flexible platform for financial professionals who need real-time data, news and analytics. It was launched in 1981 and brought transparency to financial markets long before PCs and the internet became ubiquitous. It connected market participants to a groundbreaking data, analytics and information-delivery service and revolutionized an industry.
Last month, Bloomberg has announced its partnership with Galaxy digital Capital Management, a digital asset management firm founded by Bitcoin bull and billionaire Mike Novogratz. The collaboration was targeted at launching the cryptocurrency index fund called Bloomberg Galaxy Crypto Index (BGCI), designed for tracking the performance of some of the biggest and most liquid cryptocurrencies in the market.