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The Bloomberg financial data company is now providing the index of the HB10 crypto-market launched by Cypto Exchange Huobi in its terminal service.
The exchange said that Bloomberg Terminal users are now able to monitor the aggregate performance of the top-10 cryptocurrencies traded on Huobi Pro – now the world's third largest exchange by trading volumes, based on CoinMarketCap data.
Last month, Huobi launched the HB10 index, which uses weighted samples to track a pool of top-10 cryptographic assets traded on its real-time platform against tether (USDT), a US dollar pegging cryptocurrency, based on their liquidity and market capitalization.
The exchange immediately 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 only one at a time.
In addition, the trading data of nine encrypted against the USDT on the Huobi stock exchange will be listed on the Bloomberg terminal, including bitcoin, litecoin, cash cash, ethereum, ethereum classic, XRP, dash, EOS and zcash.
The new addition comes just a month after Bloomberg added a cryptographic index to its terminal through a partnership with Galaxy Digital, a digital goods business bank led by billionaire Michael Novogratz.
Currently, Bloomberg Terminal tracks the prices of bitcoin, XRP, litecoin and ethereum using US encrypted exchange data.
Image of the Bloomberg terminal via Shutterstock
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