Cryptocurrency exchange platform Huobi.Pro today launched ‘Huobi 10 Index’ – a composite price index that will track 10 popular coins that are traded against USDT (USD Tether) on its platform.

According to the official announcement:

“HUOBI 10 selects 10 top-traded digital assets with high market value and strong liquidity, which comprehensively reflects the market performance of Huobi Pro in terms of USDT. HUOBI 10 is designed by Huobi Group and compiled using asset classification and weighted average calculation method.”

The component coins include:

Depending on the different properties of the blockchain assets, Huobi.pro classifies them into four categories: "coin", "platform", "application" and "real asset token".

“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,” it said.

The company said that it plans to launch new products based on this index next month.