Huobi HTX Launches Trump Earn Promotion Offering Up to 20% Annualized Returns

The official announcement details Huobi HTX's launch of AIO/USDT, XNY/USDT, and USELESS/USDT perpetual contracts with up to 20x leverage, alongside a trading party event featuring a $20,000 prize pool.

USDT
TRUMP

Summary

According to the official announcement, Huobi HTX introduced three new perpetual contracts—AIO/USDT, XNY/USDT, and USELESS/USDT—with 20x leverage on August 14. A trading party event runs until August 21, offering a $20,000 prize pool to users with cumulative trades of at least 10,000 USDT and exclusive benefits for new traders.

Terms & Concepts
  • Perpetual Contracts: Derivative contracts without an expiration date, allowing traders to hold positions indefinitely.
  • Leverage: The use of borrowed funds to increase market exposure, with 20x indicating twenty times the underlying asset exposure.
  • USDT: A stablecoin pegged to the US Dollar, commonly used as a base pair in crypto trading.