Huobi Global is a platform that has launched the H-token series, a suite of assets on Ethereum backed by cryptocurrencies from other blockchains. HBTC, the native token of Huobi BTC, can be described as an Ethereum-based token that can be 1:1 exchanged for BTC.

HBTC aims to be the bridge between centralized and decentralized finance and aims to ensure that users won’t mislay the value of BTC while enjoying the benefits of Ethereum. Today, around 5,000 HBTC have been minted, and these tokens enable users to access decentralized protocols such as Curve, Balancer, Uniswap, Nest, and ForTube in a seamless way.

H-token series issuance allows more users in the crypto world to benefit from DeFi, promote the growth of Ethereum-based assets, and accelerate the Ethereum DeFi ecosystem. To redeem the H-token, agencies must comply with the relevant laws and regulations applied to obtain independent chain and Ethereum addresses in the H-Tokens project.

Some of the features of H-tokens are outlined below:

Suppose a situation wherein any agency needs to obtain HBTC. In that case, they need to transfer to the Bitcoin address of HBTC, and the HBTC asset management system notifies the transfer and automatically mints the same number of HBTC to the corresponding HBTC address. Also, when the agency needs to exchange HBTC for BTC, they only need to transfer to the Bitcoin address of HBTC. The HBTC asset management system notifies the transfer and automatically mint the same number HBTC to the corresponding HBTC address.

As per the whitepaper, HBTC was launched in February 2020.

We update our Huobi BTC to USD currency in real-time. Get the live price of Huobi BTC on Coinbase.

The current market cap of Huobi BTC is $80.296M. A high market cap implies that the asset is highly valued by the market.

The all-time high of Huobi BTC is $60,153.16. This all-time high is highest price paid for Huobi BTC since it was launched.

Over the last 24 hours, the trading volume of Huobi BTC is $0.00.

Assets that have a similar market cap to Huobi BTC include Crypto.com Staked ETH, Lorenzo staked USD1+, Wrapped Pulse, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of Huobi BTC is 1.5 thousand.