Huobi Global was founded in 2013 by Leon Li, who currently serves as the CEO.

Li graduated from Tsinghua University in 2013. Prior to Huobi Global, Li worked as a computer engineer at Oracle Corporation, one of the largest US-based software companies. Huobi Global is based in the Republic of Seychelles, while Huobi Asia is headquartered in Singapore, with plans to move to Hong Kong.

HBTC serves as a bridge between Bitcoin and the Ethereum ecosystem, providing access to decentralized finance (DeFi) protocols like Uniswap, Curve or Balancer.

HBTC has a higher transaction speed and lower handling fees. Service fees are negligible thanks to two-way exchange support. Furthermore, all transaction details are publicly available, and in reserve pools, users can check the number of issued tokens.

HBTC utilizes a multi-channel system, so users can choose a profitable channel to mint and burn Huobi BTC. HBTC tokens are fully redeemable due to 100% reserve.

Huobi BTC (HBTC) is an Ethereum-based, ERC-20 standard token.

Huobi BTC is backed by BTC at a 1:1 ratio, thus the circulating supply of tokens is directly dependent on the amount of Bitcoin reserves and HBTC minted. At the time of writing, there are 8,969.5 HBTC in circulation.

Users can purchase HBTC on decentralized exchanges (DEXs) like MDEX and MakiSwap, and centralized exchanges (CEXs) like FMFW.io.

Download the CMC mobile app to track prices of HBTC in real-time.

Read about renBTC (RENBTC) and Wrapped Bitcoin (WBTC) — other Bitcoin-pegged tokens on the Ethereum network.

What is Huobi BTC? Find out with the CMC glossary.

Learn more in our deep dive into Huobi Token (HT) — the native token of Huobi Global.