Huobi HTX has launched an APR/USDT perpetual contract on Aug. 13, adding support for both long and short positions with 1x to 20x leverage. The exchange is also running a new token futures trading competition from now until Aug. 18 at 15:00 UTC+8. Users who register, trade eligible token contracts and meet the required thresholds can share a total prize pool of 1 billion HTX. Perpetual contracts are a common crypto derivatives product that let traders speculate on price moves without an expiry date, typically using leverage to amplify exposure.