Huobi BTC (HBTC)
| Market Cap | $746,283,644 |
|---|---|
| Trading Volume | $136,578 |
| Volume / Market Cap | 0.000183 |
| Total Supply | 38,969 HBTC |
| Max Supply | 6,910.00 HBTC |
Huobi BTC is currently trading at $19,150.75, after a price change of 6.24% in the last 24 hours.
Ranked as cryptocurrency #207 by capitalization today, HBTC market cap is valued at $746,283,644. HBTC trading volume reached $136,578 in the last 24 hours. We track cryptocurrency data live in real-time. Make your own forecast on HBTC coin price prediction page.
What is Huobi BTC?
Huobi BTC is a token hosted on Ethereum and pegged at a 1:1 ratio to bitcoin. The digital asset connects centralized and decentralized finance. HBTC was developed by global exchange Huobi to introduce bitcoin into the DeFi space. The design works to ensure that the holders of the token maintain the value of their BTC while benefiting from the versatility of the Ethereum network.
Licensed agencies can apply for independent chain addresses and Ethereum addresses in Huobi BTC to support its acquisition and redemption. When an agent wants to acquire HBTC, they must transfer to the bitcoin address of the HBTC token. The asset management system would instantly send a notification of the transfer and mint a similar amount of HBTC to the corresponding HBTC address. Following the process, the agency can control the use of HBTC, like withdrawing bitcoins or using them in the Ethereum ecosystem.
Huobi BTC is an ERC-20 standardized token. There are 39,884.08 circulating HBTC tokens from a total supply of 39,884 and a maximum of 6,910. HBTC can be redeemed through various channels to enable users to select their most convenient route to mint and burn the tokens.
Huobi BTC was launched in 2020.