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4 Karma

Review on Huobi Global by Thanh Tran

Revainrating 4 out of 5

New indices are also planned to be released in the near future in order to…

New indices are also planned to be released in the near future in order to offer investors a variety of indices options. These indices will provide investors with a clear snapshot of specific market segments, as well as means for comparison.What is the advantage of the platform? The index will reflect the overall performance of Huobi Pro market. You can now trade and trade currencies with USD or CNY such as Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), Bitcoin Cash (BCH) and Ethereum Classic (ETC), depending on the coin you have. Different currency pairs.
According to Coin market cap statistics, Huobi is currently ranked 9th in terms of total trading volume over the past 24 hours.




Pros
  • The assets included in these categories are selected according to the volume of transactions for the previous quarter. The weight of each component of the crypto index is calculated based on the average daily trading volume in the previous quarter. Eight of the coins listed are familiar to many and are leading of the top-10, however, there are two notable entries, the inclusion of which may indicate bigger things to come. Huobi Token is the native token of the Huobi Pro exchange, and has experience of a similar increase in popularity of the Binance coin, as Huobi gets visibility and a greater market share. IOST (Internet of Services Token) is another newcomer and was the first project to be incubated by Huobi labs. It is a platform coin that has taken significant steps over the past few months, signaling its capability to compete with other major dApp platforms.
Cons
  • As noted in the message of the exchange, their own development index has been compiled taking into account the classification of assets and using the weighted average method of calculation. The main function of the index is to correctly represent the performance of USD Tether (USDT) pairs on the Huobi cryptocurrency exchange.