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Huobi HTX Launches PUMP/USDT Perpetual Contract with 20x Leverage

The new ERA/USDT perpetual contract launch is accompanied by a $10,000 prize pool trading event, promoting user engagement on the platform.

USDT

Summary

On July 18, Huobi HTX launched the ERA/USDT perpetual contract with a maximum leverage of 20x. To celebrate, the platform is hosting a trading party from July 18 to July 25, featuring a prize pool of $10,000 for users based on their trading volume.

Terms & Concepts
  • Perpetual contract: A derivative that allows traders to buy or sell an asset without an expiration date, typically used in cryptocurrency trading.
  • Leverage: The use of borrowed funds to increase potential returns on investment, allowing traders to control larger positions than their actual capital.
  • USDT: Tether, a stablecoin pegged to the US dollar, commonly used in cryptocurrency trading for stability.