HTX lists ZHIPU/USDT perpetual contract with up to 10x leverage

The June 22 launch is accompanied by a trading campaign running through June 29 at 18:00 UTC+8, with a total prize pool of up to $20,000 for eligible users.

USDT

Summary

HTX said it listed the ZHIPU/USDT perpetual contract on June 22, giving traders access to up to 10x leverage. The exchange 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, which are futures without an expiry date, are commonly used in crypto markets to provide leveraged exposure to token price moves.

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.