HBTC, also known as Huobi BTC, is a cryptocurrency that was launched by the Huobi Global exchange in 2019. It is an ERC-20 token that is pegged to the price of Bitcoin, meaning that the value of one HBTC is equivalent to one Bitcoin. The purpose of HBTC is to provide users with a more flexible and efficient way to trade Bitcoin on the Huobi Global exchange. By using HBTC, users can avoid the high transaction fees and slow transaction times that are often associated with trading Bitcoin directly on the blockchain.

One of the key benefits of HBTC is that it allows users to trade Bitcoin on the Huobi Global exchange without having to worry about the volatility of the cryptocurrency market. Since the value of HBTC is pegged to the price of Bitcoin, users can be confident that the value of their holdings will remain relatively stable over time. Additionally, HBTC can be used to access a wide range of trading pairs on the Huobi Global exchange, including popular cryptocurrencies like Ethereum, Litecoin, and Ripple. Overall, HBTC is a valuable tool for traders who want to take advantage of the benefits of Bitcoin without having to deal with the challenges of trading it directly on the blockchain.