SINGAPORE, May 23, 2018 /PRNewswire/ -- Today Huobi Group officially launches the 'Huobi 10 Index', and announced that HB10 will be launched based on the 'Huobi 10 Index' next month.
Huobi 10 Index selects 10 large scale digital assets with high market capitalization and strong liquidity. The purpose of the index is to accurately reflect the market performance of U.S. Dollar Tether (USDT) pairs on Huobi Pro. New indices are also planned to be released in the near future to offer investors an array of indices choices. These indices will give investors a sharper snapshot of specific segments of the market, as well as funds a benchmark to compare against.
Launched with a base of 1,000 points, the Huobi 10 Index will be published in global financial communications agencies such as Bloomberg at a later date. In the pipelines, there are big plans set for the Huobi 10 Index. Working towards the timeline of June 2018, Huobi Group is looking to launch another financial product, named 'HB10'. It will be launched based on the Huobi 10 Index. Future financial derivatives are planned to be released based on Huobi 10 Index.
Huobi 10 Index has scored well against Bitcoin (BTC). 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. This proves that Huobi 10 Index is effective in maintaining alpha while suppressing volatility.
Market Entering Into Maturity
The introduction of a financial index is a sign of the market achieving scale and entering into a stage of maturity. For example, S&P500 and MSCI Indices have become benchmark indices used by global portfolio managers. The Huobi 10 Index is a comprehensive index composed of a number of digital assets. The index was compiled using world-class technology similar to traditional composite indices methodologies.
For more information about Huobi 10 Index: https://www.huobi.pro/huobi_index/
ABOUT HUOBI PRO
Huobi Pro is one of the leading digital asset exchange globally. Through its platform, Huobi Pro offers cryptocurrency traders worldwide access to more than 100 digital assets. Underpinned by world class security and risk control systems, it is one of safest exchanges in the market today. Huobi Pro is also proud to be the first cryptocurrency exchange that provides 24/7 customer service. For more information: https://www.huobi.pro/