Launched by Huobi, Huobi BTC or HBTC is a standard ERC-20 token pegged to BTC on a 1:1 ratio.
What Is Huobi BTC?
Huobi BTC is the cryptocurrency launched by Huobi Global on the Ethereum blockchain on 14 February 2020. It maintains a value equivalent to BTC but also has the flexibility offered by Ethereum.
Huobi Global has built a solid reputation as a trustworthy digital asset trading platform worldwide, with tens of millions of registered users from over 130 countries. It will not be surprising if this is one of the reasons why investors have the confidence to invest in Huobi BTC as they know that Huobi Global is an established company with an excellent track record.
The purpose behind HBTC is to use BTC as a tool to improve the growth of the DeFi ecosystem. It is an asset-backed token that is strictly pegged to BTC with a 1:1 ratio.
Following are some of the main features of HBTC:
There are two places to exchange Huobi BTC for Bitcoin or vice versa: Huobi Global (HBG) and HBTC’s official website.