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Huobi HB10 Cryptocurrency Market Index Added to Bloomberg Terminal

Huobi HB10 Cryptocurrency Market Index Added to Bloomberg Terminal

The Bloomberg Terminal has added data on cryptocurrencies tracked by Huobi Pro, the third largest crypto exchange in the world, via Huobi’s HB10 cryptocurrency market index.

In a press release distributed by the exchange on Thursday, Huobi revealed that users of the Bloomberg Terminal, one of the best-known resources for tracking financial data, are now able to also track the aggregated performance of the top ten cryptocurrencies traded on Huobi Pro.

Huobi’s HB10 Index also serves as a benchmark for an exchange-traded fund (ETF), enabling both retail and institutional investors to buy a basket of cryptocurrencies instead of buying them individually. The Index tracks 10 coins traded against Tether (USDT) on Huobi Pro with “higher market value, larger scale and better circulation,” reflecting the exchange’s “overall performance.”

The Bloomberg Terminal will also list data from nine coins traded against USDT on Huobi, including Bitcoin (BTC), Litecoin (LTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), Ripple (XRP), Dash (DASH), EOS (EOS), and Zcash (ZEC).

Bloomberg Terminal added a crypto index last month with data provided by Galaxy Digital, a digital assets merchant bank founded by billionaire Michael Novogratz. The terminal currently tracks BTC, XRP, LTC and ETH with data provided by American cryptocurrency exchanges.

22 Jun 2018

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