Huobi HTX lists SNXX and RAM perpetual contracts with 10x leverage, launches $20,000 contest

SNXX/USDT and RAM/USDT began trading on July 14, with eligible users able to compete for rewards through July 21.

USDT

Summary

Huobi HTX has added SNXX/USDT and RAM/USDT perpetual contracts on July 14, with each product offering up to 10x leverage. The exchange is also running an SNXX and RAM contract trading contest from July 14 15:00 to July 21 15:00 (UTC+8), with a total prize pool of up to $20,000 for users who reach at least 1,000 USDT in valid trading volume. Perpetual contracts are crypto derivatives that do not expire, while leverage allows traders to increase exposure by borrowing capital, which can amplify both gains and losses.

Terms & Concepts
  • perpetual contracts: Crypto derivatives with no expiration date.
  • leverage: Borrowed exposure that magnifies gains and losses.
  • valid trading volume: The amount of qualifying trades counted toward eligibility in a promotion or contest.