Huobi BTC (HBTC)
Details about Huobi BTC cryptocurrency
€175,207,237 ( -1.9321%)
€922
8,969
8,969
61.64
Unknown
https://www.hbtc.finance/zh-cn/
@HuobiGlobal
7163x
€139914000
Huobi BTC price charts
HBTC exchanges
Huobi BTC, the crypto
Huobi BTC (HBTC) is a cryptocurrency that is pegged to the value of Bitcoin (BTC). It is a collateralized ERC-20 token on the Ethereum blockchain that represents 1:1 exchange ratio with Bitcoin.
The point
The main point of Huobi BTC (HBTC) is to enable BTC holders to use their Bitcoin on Ethereum for decentralized finance (DeFi) activities such as trading, lending, and borrowing without leaving the Ethereum ecosystem. It also aims to provide users with a more efficient and cost-effective way of using BTC on Ethereum.
The problem
Huobi BTC (HBTC) tries to solve the problem of BTC holders who want to participate in the DeFi activities on Ethereum but do not want to sell their Bitcoin. It allows these users to collateralize their Bitcoin holdings and mint an equivalent amount of HBTC which can be used on the Ethereum blockchain without leaving the security and privacy of the Bitcoin network.
Compare HBTC and BTC performance
Timeframe | HBTC | BTC |
---|---|---|
1h change | 0 % | -0.0469625 % |
24h change | -1.9 % | -1.9067 % |
7 day change | -15.01 % | 3.32927 % |
14 day change | 15.05 % | -4.35112 % |
30 day change | -18.22 % | 22.9516 % |
200 day change | -18.44 % | 164.34 % |
Year change | -22.74 % | 155.003 % |