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HBTC

SGP SGP
VOL. (24hr)—
Rank
883
Impact
—
Transp. Rating
C gradeC grade
Markets
—
Fiat
0

HBTC Trading Volume

(24 hour)
  • 1D
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HBTC Daily Performance

HBTC is a cryptoasset exchange located in Singapore. Their volume over the last 24 hours is $0. The exchange is rated “C” which means “Fair.” They are a crypto-only exchange.

Data Summary
Impact Score
0.00
Transparency Rating
C gradeC grade(Fair)
Total Volume—
Volume Change—
Markets—
Fiat CurrenciesNone
Coverage TypeCandles
1st Trade—
1st 1D CandleJul '17
1st OrderbookFeb '20
Updated1 year

About HBTC

HBTC (Huobi BTC) is a decentralized digital asset platform that was created by such famous exchanges as OKEx, Huobi, and other well-known financial institutions. The company has a very strong development background for improving its products, especially after it raised 15 million USD in a funding round. After its foundation in 2018, the list of services offered by the platform continued to grow. At the time of writing, this is a one-stop-shop for spot trading, contract, OTC, options, stacking products, and other services.

It’s worthwhile mentioning that the platform was known as BHEX before it moved to a new domain and acquired the name HBTC in April 2020. The official statement in the blog of the company said that the name was changed to avoid confusion. The name BHEX wasn’t successful enough as customers couldn’t recall it often. The former name didn’t stand out, in their opinion, and resembled numerous products that sounded similar, so a more suitable variant was chosen.

HBTC products

The team of the company develops three main product lines they have been working on since the moment of the platform's launch. Apart from the exchange, the platform has also developed Bluehelix Cloud with innovative architecture and HBTC Chain. Employing the leading technology, a new trading system enables unsurpassed performance and scalability, playing an essential role in the history of crypto industry development.

HBTC offers profitable white label solutions that help companies make use of the exchange without high expenditures. It can also be a good option for companies that want to reduce technical costs. It doesn’t cost anything to start a trading platform for them, so this lowers the threshold for the entities that want to enter the crypto industry to offer their services.

The results achieved by the platform are impressive. Including white label brokers and proprietary efficient chain, the system features the technical capacity that is powerful enough to support 200 platforms simultaneously. Thus, millions of consumers can transact via the system at the same time and be served without lags.

HBTC platform and technologies

The platform functions efficiently basing on the infrastructure of the DeFi ecosystem developed by the HBTC team. It employs advanced sophisticated technologies enabling the decentralized platform to function on community consensus. Its decentralized key management is supported by a range of different technologies and cryptographic tools such as zero-knowledge proof, multi-party computation, and ECFSA. Also, BHPOS consensus and horizontal sharding mechanisms are employed by the system on its clearance level contributing to the excellent performance of the platform as it implements OpenDex protocol, which is developing the DeFi ecosystem.

With the upgrade of the system, its token was upgraded as well, so the platform started using HBC that is a new version of BHT that used to be the platform’s token before.

The platform has long worked over Bluehelix Cloud SaaS and white label solutions. Thus, the platform has come up with its brokerage system and public chain supporting the model that is unique for the industry as it combines the features of CEX and DEX systems along with OpneDex protocol. The system offers a 3-tier node system including standard node, consensus, and core code. The structure of this kind delivers certain benefits as far as performance and cross-chain transactions are concerned. It provides an easy solution when users can establish DEX with OpenDex protocol free of charge thus creating the DEX environment with a customized interface and trading options. The trading experience won’t differ much from what can be acquired at centralized spot cryptocurrency platforms.

HBTC security

Almost all cryptocurrency exchanges experience outage problems from time to time. However, it’s not the case with HBTC with functionality working smoothly round-the-clock. Traders have an opportunity to buy and sell crypto assets at the best moment to get higher profits. The platform provides stability of work along with security. At the moment of writing, this resource hasn’t experienced security breaches so far.

The platform employs 100% Proof of Reserve to remain credible. HBTC Chain’s presents decentralized lightweight cross-chain custody technology to contribute to the transparency of operations and expansion of the application of third party public chain.

HBTC fees and affiliate program

HBTC has a tired structure and fees are taken based on the level of its customers. The makers’ and takers’ fees start from 0.1% for spot trading. Then the 30-day trading volume is calculated and HBTC holdings for spot trading and perpetual contract trading on the platform. The result determines the amount of discount.

The HBTC Captain program was introduced for customers who want to earn additional revenue and token rewards. It differs from the traditional affiliate programs because the participants don’t only get commissions due to invitation rebates but also benefit from holding the HBC token reward. The platform uses half of the HBTC tokens received from the daily repurchase on rewards for its core contributors to incentivize the members of the community.

The participants of the program are divided into Founder Captains (those who enter the list of first 1000 Captains who completed the 1000 HBC lockup), Partner Captains (those who enter the list of first 1001-10,000 Captains who completed the 1000 HBC lockup), and Candidate Partners (the rest who completed the 1000 HBC lockup). The main benefits of participants include airdrop rewards, referral rewards, VIP benefits such as 40% commission on the transaction fees, which are generated by the invited users, platform development rights such as voting rights, and even the opportunity to use free white label trading platforms. The user should submit an application to participate in HBTC Captain’s program.

HBTC team

The founder and CEO Ju Jianhua, who is more known as James Ju, was CTO of Huobi before joining HBTC. He has managed to form a team that included highly-professional experts from IT enterprises and the financial industry.

The team tried to attract talented professionals in the crypto industry to work on the project. Many of them studied at Stanford University, Columbia University, Peking University, and other famous educational institutions. Also, the company includes former employees of such famous corporations as Alibaba, Baidu, Google, and the like.

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HBTC Markets

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HBTC Historical Data

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Today's HBTC News for March 31, 2023

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