The HB10 cryptocurrency-based index from major crypto exchange Huobi has been listed on TradingView, a major financial data and analysis platform for traders and investors. The news was announced in a Huobi press release published on Mar. 4.
HB10, which represents a fund that comprises the nine leading digital currencies in terms of trading volume, was launched last year through the Huobi Pro platform. HB10 reportedly aims to “help users attain exposure to the digital assets market with a relatively small capital outlay and also provide users with greater diversification across constituent coin trading pairs.”
Per the recent announcement, along with the support of HB10, TradingView has also added all of Huobi’s coin-to-coin trading pairs. This will purportedly enable users to get involved in arbitrage and other forms of trading.
Livio Weng, CEO of Huobi Global, has suggested that the step signifies further adoption of cryptocurrencies, saying that “this is just the beginning. As additional coins and pairs are added to Huobi Global, they will also appear on TradingView as well.»
Last month, Huobi Global launched support for Tether (USDT) — an Ethereum (ETH) blockchain-based stablecoin tied to the U.S. dollar. Huobi thus started offering deposit and withdrawal services for USDT in both its original Bitcoin (BTC)-based Omni Layer Protocol and its more recently launched ERC20 token form, which is built on the Ethereum blockchain.
Prior to that, Huobi.com, the United States-based partner of Huobi, launched fiat–crypto trading services, with initial support for three U.S. dollar–crypto trading pairs, which are major cryptocurrencies BTC, ETH and USDT, as well as support of U.S. dollar deposits and withdrawals.