Huobi Pro Exchange Launches New 10 Cryptocurrency Index
Cryptocurrency exchange Huobi Pro is launching a new market index for its clients. The main Huobi index tracks the behavior of 10 digital assets in pairs against USDT in real time, according to the description of the new instrument..
The index will “reflect general data on the Huobi Pro market”, allowing investors to gain insight into the behavior of the segment as a whole, and freeing them from the need to check the prices of individual cryptocurrencies when they do not need such information.
The index will be based on a weighted sample, and the mechanism of its operation is described as follows: “The main Huobi index divides digital assets into 4 main categories: coins, platforms, applications and substitutes for real assets (US dollar, gold, etc.). Assets will be ranked according to their turnover, and the leading assets in each category will be included in the index sample. After the sample is determined, its weight will be calculated in accordance with the average daily turnover for the previous quarter “.
Currently, the basket of the HUOBI 10 index looks like this:
Until June 10, on its main site, the exchange promises to present products based on the new index.
The company also envisaged a situation in which an asset included in the index would be removed from the platform: “When an unexpected delisting of an index component occurs, the selection will be temporarily changed. The coins that were on the list of candidates above will be included in the index “.
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