Cryptocurrency exchange Huobi Pro is launching a new market index for its users.
The Huobi main force index will track 10 different digital assets traded against tether (USDT) on its platform in real time.
The new index will «reflect the overall performance of Huobi Pro market», allowing investors to see a single aggregated feed rather than having to check on individual assets one at a time.
According to Huobi Pro press release, the index will use weighted samples, which explained that the index divides digital assets into 4 categories: digital asset, platform, application and real asset substitute (not included in the index).
«Assets will be ranked according to their turnover, and top assets of each category will be selected as index samples. After samples are selected, the sample weight will be calculated based on the daily average trading volume of the previous quarter», – adds the exchange in its press release.
Huobi Pro is also going to launch index-based products with its main force index as the tracking target at Huobi Pro by June 10.