Huobi Pro have announced the launch of their new crypto market index, which will track ten different assets trading against USDT (Tether).
According to the Huobi official site:
The digital assets are classified into four categories: Coins, Platforms, Applications and Utility Asset tokens. The number of constituents selected in these four categories depends on their transaction volume of last quarter. After deciding the allocation of constituents into each of the four categories, the average daily trading volume in the previous quarter is used to decide the weight of the constituent in the index. The base point of HUOBI 10 is 1000.
Huobi will also be launching index-based products, scheduled for June 10th.
The news comes in the same week as BitKan announcing that their KAN token will be available to trade on the Huobi Pro exchange from May 25th.
Huobi Stepping it Up
Huobi are obviously on an expansion drive, and are currently running a Tether giveaway in Vietnam. All new users registering and performing transactions on their exchange (within Vietnam), will receive 1 USDT per transaction, up to a limit of 500 USDT. The giveaway started on May 22nd and runs until May 29th.