HTX says TradFi ‘Trade to Earn’ campaign drove 63.37 million USDT volume

The company said the promotion distributed 23,477 USDT in rewards, saved users 22,238 USDT in fees and will be followed by a second phase.

USDT

Summary

HTX said its first TradFi “Trade to Earn” campaign has concluded, reporting 63.37 million USDT in trading volume as it pushed traditional finance-linked perpetual futures (contracts that track an asset without expiry) to crypto users. The company said the campaign paid out 23,477 USDT in rewards, reduced user fees by 22,238 USDT and saw a top participant receive 5,206 USDT. HTX framed the promotion around “24/7 mining” and fee rebates of up to 110% of actual trading fees, meaning eligible users could receive rewards that exceeded their trading costs. The designated products included gold (XAU), crude oil (USOIL), Nasdaq-linked QQQ, NVIDIA (NVDA) and Microsoft (MSFT), which HTX presented as tools for hedging and cross-market positioning during volatile markets. The company also said fees from the designated TradFi contracts were allocated to buy back $HTX and burn it under its quarterly schedule, tying trading activity to the token’s deflationary model. HTX said a second-phase campaign is being prepared with the same negative-fee structure and round-the-clock rewards.

Terms & Concepts
  • perpetual futures: Contracts that track an asset without expiry
  • buy back $HTX and burn: Repurchasing tokens and permanently removing them
  • hedging: Reducing risk by offsetting market exposure