By
Godfrey Benjamin
April 20th, 2024
The Huobi HB10 crypto index tracks a number of top digital currencies based on their market cap and liquidity.
Despite the recent market slowdown, traditional financial players are looking keen to dip their toe in the crypto sector. This indicates that the cryptocurrency market is now moving towards attaining more maturity. In a recent development, TradingView has announced to list a cryptocurrency index for the very first time.
TradingView adds Huobi’s HB10 crypto index to its platform. TradingView is a U.S.-based provider of financial trading charts and analysis. While commenting on the latest development, Livio Weng, CEO of Huobi Global, said:
“As a go-to site for high-volume and API [application programming interface] 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.”
Huobi’s HB10 Crypto Index
Huobi launched its HB10 crypto index fund last year in May 2018. The crypto index tracks a number of top digital currencies based on their market cap and liquidity. This weighted fund consists of nine major cryptocurrencies, including Bitcoin (BTC), EOS, Ether (ETH), XRP, Bitcoin Cash (BCH), Litecoin (LTC), TRON (TRX), Ethereum Classic (ETC) and Ontology (ONT). It also includes Huobi’s native Huobi Token (HT).
Besides the crypto-to-USDT trading pairs, TradingView will also add all of Huobi’s crypto-to-crypto trading pairs to its platform. “This is just the beginning. As additional coins and pairs are added to Huobi Global, they will also appear on TradingView as well,” Weng added.
The latest step by TradingView of introducing the cryptocurrency index is the outcome of the industry demand. Moreover, the charting platform also provides trading data sources by major crypto exchanges like Bitfinex and Bitstamp.
Last month itself, TradingView launched a “Crypto Dashboard” offering single-window support to crypto traders.
Bloomberg Adds Huobi’s Crypto Index
Last year in October 2018, the Bloomberg Terminal announced adding the Huobi’s HB10 index to its services. 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.