The third largest exchange of Crypto launches the index of the encryption market which registers 10 top-marketed goods

Cryptographic exchange Huobi Pro has launched a new market index for its platform, according to a company press release today, May 23. Huobi is currently the third largest encrypted exchange in the world exchanging volumes, according to the data from Coinmarketcap.

The index & # 39; Huobi 10 & # 39; replicates in real time the 10 digital resources exchanged on the stock exchange with Tether (USDT), using a weighted average calculation method. The announcement further explains:

"Digital resources are classified into four categories: tokens, platforms, applications and tokens of utility goods.The number of components selected in these four categories depends on the volume of transactions in the last quarter … [then] used to decide the weight of the constituent in the index. "

The press release suggests that the index in this way "will reflect the overall performance of the Huobi Pro market", thus making trading easier for investors.

The new index is also configured for cases where an asset can be removed from the price list, so that "when an unexpected delocalization of the index component occurs, the sample is temporarily replaced and coins ranked first in the 39. List of candidates will be selected to sample coins in turn. "

The press release also revealed Huobi's plans to launch index-based products by early June.

Earlier this week, the outgoing CEO of the world's largest encrypted exchange, OKEx, joined Huobi as a secretary of the board of directors and vice president for international business development. Huobi, headquartered in Singapore, is now expanding abroad, has recently launched a South Korean subsidiary and has revealed plans to open an office in London.

In an e-mail sent to company employees, Huobi's CEO, Leon Li, highlighted the rapid growth of the exchange, revealing that the company's workforce now has almost 1000, compared to only 10 people at the time of its launch in 2013. Huobi is now the third largest exchange in the world, currently seeing daily trading volumes of around $ 1.18 billion.