Third largest cryptocurrency exchange in the world Huobi Pro has announced a new service — market index “Huobi 10”.
The index will be real-time tracking of the top 10 digital asset exchange paired with Tether (USDT), using the method of weighted average calculation. The base index value is 1000.
“Digital assets are divided into four types: coins, platform, application, and Utility tokens. The number of objects in each category depends on the volume of transactions made over the last quarter. The weight of the object is calculated based on the average daily trading volume in the previous quarter,” reads a press release from Huobi.
It is reported that in the case of delisting a resource index will automatically be rebuilt, and replacement of the remote object it will include the leading coins from the list of candidates.
New service launch is scheduled for early June.
Note, Huobi, the headquarters of which is located in Singapore, currently actively expanding abroad. Recently, the exchange has launched a branch in South Korea, in early may, has opened an office in Canada, and also announced plans to open offices in London.
This week it became known that the team’s CEO Huobi has joined the world’s largest cryptocurrency exchanges OKEx. If Sufa (Li Shufei), also known as Chris Lee (Chris Lee), will take the post of Secretary of the Board of Directors and Vice President for international business development.
It is noteworthy that since the launch of the exchange in 2013, when the company employed just 10 people, the number of employees Huobi increased a hundred times, and is now almost 1,000 people.
According to CoinMarketCap, now Huobi is the third largest trading exchange in the world, the daily turnover of the area is about $1.4 billion.