After HBTC, Huobi provides cross-chain assets for Ethereum, including mainstream crypto assets such as DOT, LTC, and BCH

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Huobi announced that it will continue to provide H series assets for the Ethereum ecosystem, continue to provide high-quality assets for the DeFi market, and promote the prosperity of the decentralized market.

Huobi stated that it has launched the Bitcoin asset HBTC on the Ethereum blockchain in February 2020. The asset is minted at a ratio of 1:1 with Bitcoin. While ensuring the same value as Bitcoin, it also enables Bitcoin With the flexibility of Ethereum, the total number of assets is now close to 5,000.

Huobi said that the assets that will be sold in the second wholesale include mainstream crypto assets such as DOT, LTC, and BCH. According to the data, the total market value of the above assets is close to 11 billion U.S. dollars, which is welcomed by crypto enthusiasts around the world. In the future, Huobi will continue to listen to the voices of the community and provide Ethereum with more cross-chain assets.

The previously issued HBTC has not only become a bridge connecting the centralized market and the DeFi market, but also a bridge between users and the DeFi world. HBTC can support Bitcoin users to quickly and conveniently enter Uniswap, Curve, Balancer, Nest, ForTube and other protocols, and its value and significance has been recognized by the market.

In addition, as MakerDAO collateral, HBTC will be able to generate DAI in the future. Currently, the proposal has been voted by the community. Sharlyn Wu, Chief Investment Officer of Huobi and Head of DeFi Lab, said: “Huobi serves as a bridge between the centralized and decentralized world and aims to make wealth more free. We hope to develop together with the Ethereum community and empower community projects. Actively embrace the open ecology, provide the community with more high-quality assets, make DeFi more inclusive, make finance better, and realize the vision of enabling hundreds of millions of people around the world to truly benefit from the development of DeFi. Huobi hopes to promote traditional finance together with the Ethereum ecosystem Landscape upgrade”.