Crypto 360°

HBUS: Crypto Exchange Huobi’s New Cryptocurrency Marketplace The world’s fourth-largest crypto exchange, Huobi, has announced that it has opened registration for U.S. residents on its new trading platform, HBUS. This new cryptocurrency marketplace is a San Francisco-based company that was announced in early June this year. HBUS has begun accepting account verification requests from U.S. residents. The residents can now also deposit their crypto holdings. HBUS supports the following nine cryptocurrencies – Bitcoin Cash (BTC), Ethereum (ETH), Bitcoin (BTC), Tether (USDT), Litecoin (LTC), Dash, Civic (CVC), Ethereum Classic (ETC), and TrueUSD (TUSD). In its statement, Huobi stated that HBUS will go live for trading on July 10th. The various features of the platform along with the full set of trading pairs will be announced during the launch. HBUS as of now won’t be open to residents of Georgia, Alabama, Louisiana, Connecticut, Hawaii, New York, Washington, and Vermont till it gets an all-clear signal from the regulators. Like various other crypto exchanges, the HBUS exchange also facilitates its traders the ability to view the market data pertaining to virtual currencies such as depth charts and candlestick. On July 5th, Huobi opened trading on its newly launched Australia-based platform. Targetting the European market, the exchange unveiled its London-based platform last week. The over-the-counter (OTC) trading tests will start in Q3 this year. Huobi’s Singapore-based platform has been working towards the exchange’s expansion in the Asian market. Earlier this spring, it launched a South Korean subsidiary which has its operations in Japan and Hong Kong. In a statement issued to Coin Telegraph, HUBS announced that their new CEO is Frank Fu. The CEO said that this is a crucial period in the cryptocurrency industry. He is looking forward to building a team that will help in creating a digital asset platform and a world-class virtual currency. He further stated that he intends the new platform to offer the best technology innovation, ace customer experience, and regulatory compliance. Must Read recommended by The post HBUS: Crypto Exchange Huobi’s New Cryptocurrency Marketplace appeared first on OWLT Market.

Equity Mutual Fund Offers Single-Digit SIP Returns For Post-Demonetisation Investors Equity mutual fund schemes offer single-digit SIP returns for the investors who have started investing after the demonetisation implementation in India. The post-demonetisation investors are worried about the poor returns. According to The Economic Times, Smallcap mutual fund category offers an average CAGR SIP-return of 2.5 per cent. Midcap category offers 3.50 per cent of average CAGR SIP-returns. Multicap category and Largecap category offer 6.9 per cent and 7.9 per cent CAGR returns, respectively. Few schemes in the smallcap category, such as, Sundaram Small Cap Fund, DSP BR Small Cap Fund, HSBC Small Cap Fund, and ICICI Pru Samllcap Fund, and SBI Magnum Midcap Fund and BNP Paribas Mid Cap Fund of the Midcap category are offering even negative returns. Smallcap mutual fund category offers the most poor returns, while the Multicap and Largecap categories offers better returns when compared to the other equity mutual fund categories. “Investors expect to generate double-digit returns from equity schemes. Moreover, these novice investors who got in after the currency ban had much higher expectations,” says Chamomile Investment Consultants’ CFP Sridevi Ganesh, reported the source. The mutual fund industry had huge inflows as people had no other option to invest their money after the demonetisation exercise, said Oaktree Financial Advisors’ Founder Ankita Tanna Narsey. Mutual fund advisors blame the market correction or volatility as the reason for the low returns. Narsey said that the investment market was going fine and remained on the higher side until the end of last year, and that the returns turned very poor for various equity schemes after the market correction which started at the beginning of this year. The right period to expect good SIP returns is five to seven years, and hence investors must continue with their SIPs irrespective of the market volatility to see the magic of SIP, advises Ganesh. Instead of expecting good returns in shorter period, investors must continue with their SIP if their “fund has been a consistent performer,” advises Narsey. Investors are not interested in equity mutual fund schemes because of the single-digit returns, and the advisors say not to expect good returns in shorter period. Must Read recommended by The post Equity Mutual Fund Offers Single-Digit SIP Returns For Post-Demonetisation Investors appeared first on OWLT Market.