HTX lists ZHIPU/USDT perpetual contract with up to 10x leverage
The June 22 launch gives traders 24/7 access to ZHIPU perpetual exposure, with a trading campaign through June 29 at 18:00 UTC+8 offering a total prize pool of up to $20,000 for eligible users.
USDT
Fact Check
The original trade.xyz X post explicitly states 'ZHIPU is now live. 10x leverage, 24/7, 365,' directly confirming the launch of Zhipu perpetual futures with up to 10x leverage and round-the-clock trading. This is independently corroborated by Odaily and BlockBeats newsflashes, both of which cite the same official post and add detail that the asset tracks Zhipu AI (HK 2513) H-share price.
Summary
HTX said it listed the ZHIPU/USDT perpetual contract on June 22, giving traders access to up to 10x leverage and round-the-clock market access. The exchange said it is also running a ZHIPU contract trading event from June 22 at 18:00 to June 29 at 18:00 UTC+8, with a total prize pool of up to $20,000 for eligible users. Perpetual contracts are futures-style crypto derivatives without an expiry date and are commonly used to provide leveraged exposure outside traditional market hours.
Terms & Concepts
- ZHIPU/USDT perpetual contract: A crypto derivatives product tracking ZHIPU against USDT without an expiry date.
- leverage: Borrowed exposure that can magnify both profits and losses on a trade.
- perpetual contract: A futures-style derivative that does not have a fixed expiry date.