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Huobi is a major cryptocurrency exchange primarily focused on the Asian market. Alongside the cryptocurrency exchange, it also operates the eighth largest Bitcoin mining pool in the world.
Huobi BTC is an ERC-20 token issued on the Ethereum blockchain. It's designed to track the price of Bitcoin. The HBTC token is 100% backed by BTC, which means it can maintain a 1:1 peg. It is claimed that every HBTC token minted is backed by a BTC coin.
The token allows users to utilize Bitcoin holdings within decentralized protocols that would otherwise be incompatible. DeFi protocols where the token can be currently used include Uniswap, Curve, Balancer, Nest and ForTube.
Huobi BTC (HBTC) is the 70th largest cryptocurrency in the world by market cap, valued at $1,328,279,989. The current price of Huobi BTC is $33366, which is -7.141% lower than yesterday. Prices have ranged between $36803 and $33304 over the past 24 hours. All prices are listed in US dollars and accurate as of January 24, 2022 01:01 UTC.
| Coin symbol | HBTC |
|---|---|
| Coin Marketcap | US$1,328,279,989 |
| Total HBTC supply | 39,884 |
| Circulating HBTC | 39,884 |
| Current price | US$33366 |
| All time high | US$69,325.00 |
| Industry | Decentralized finance |
| Token uses | Cryptocurrency |
| Network | Ethereum |
Historical prices compared with the price of US$33366.
| 1 hour | -1.27% |
|---|---|
| 24 hours | -7.14% |
| 7 days | -23.13% |
| 14 days | -21.47% |
| 30 days | -33.80% |
|---|---|
| 60 days | -41.62% |
| 200 days | -0.67% |
| 1 year | 3.69% |
Disclaimer: Cryptocurrencies, including Huobi BTC, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of HBTC is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Huobi BTC or any other cryptocurrency discussed.