Bloomberg Terminal Adds Huobi's Cryptocurrency Market Index

Financial data firm Bloomberg is now providing the HB10 crypto market index launched by crypto exchange Huobi on its terminal service.

AccessTimeIconJun 21, 2018 at 6:00 a.m. UTC
Updated Sep 13, 2021 at 8:05 a.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global event for everything crypto, blockchain and Web3.Register Now

Financial data firm Bloomberg is now providing the HB10 crypto market index launched by crypto exchange Huobi on its terminal service.

The exchange said on Thursday that users of Bloomberg Terminal are now able to track the aggregated performance of the top-10 cryptocurrencies that are traded on Huobi Pro – now the third largest exchange in the world by trading volume, based on data from CoinMarketCap.

Huobi launched HB10 index last month, which uses weighted samples to track a pool of top-10 crypto assets traded on its platform in real-time against tether (USDT), a U.S. dollar-pegged cryptocurrency, based on their liquidity and market capitalization.

The exchange soon after launched an exchange-traded fund that uses the index as a benchmark to allow investors to invest in a variety of assets instead of buying into just one at a time.

In addition, trading data of nine cryptos against USDT on the Huobi exchange will also be listed on Bloomberg Terminal, including bitcoin, litecoin, bitcoin cash, ethereum, ethereum classic, XRP, dash, EOS and zcash.

The new addition comes just a month after Bloomberg added a crypto index to its terminal through a partnership with Galaxy Digital, a digital assets merchant bank headed by billionaire Michael Novogratz.

Currently, Bloomberg Terminal also tracks the prices of bitcoin, XRP, litecoin and ethereum using data from U.S. crypto exchanges.

Bloomberg terminal image via Shutterstock

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.