TradingView Adds Huobi-Launched Crypto Index HB10

Financial trading charts and analysis platform Huobi Global has added HB10 as the first crypto index on the platform.

HB10 was launched by the global cryptocurrency exchange Huobi in June last year. The exchange-traded fund (ETF) allows the investors to buy stakes of the fund, which itself consists of an investment portfolio of multiple Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term.

“As a go-to site for high-volume and API traders as well as the retail commodity, Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term, and of course crypto trading community around the world, we feel TradingView is a perfect fit for HB10,” Livio Weng, Huobi Global's CEO, said, mentioning the development. “We're both pleased and honored to have ours be the first crypto fund of its kind listed there.”

A Comprehensive View of the Crypto Market

The weighted fund comprises of major digital currencies - HT at 29.3 percent, BTC at 23.1 percent, EOS at 17.3 percent, ETH at 10.9 percent, BCH at 5.2 percent, XRP at 4.1 percent, IOST at 3.1 percent, LTC at 3 percent, ETC at 2.3 percent, and DASH at 1.5 percent.

The fund is based on Huobi’s crypto benchmark index Huobi 10.

Weeks after the launch, HB10 also made an entry to Bloomberg's financial terminal.

“This is just the beginning. As additional coins and pairs are added to Huobi Global, they will also appear on TradingView as well,” Weng added.

Integrating Crypto Support

Considering the traders’ interest in cryptocurrencies, TradingView is slowly integrating the products of the new financial industry. The charting platform is already projecting trading data sourced from major crypto exchanges including Bitstamp and Bitfinex.

Last year in March, the platform partnered with Poloniex to introduce support of direct trading from TradingView using the crypto exchange.

The charting portal, last month, launched a “Crypto Dashboard” to create single-window support for crypto traders. Moreover, the platform also announced that it would accept Bitcoin as payment for the new platform for premium members.