Huobi HTX Launches $30K Leveraged Lending and Trading Event on Seven Coins

The official announcement details the launch of AIO/USDT, XNY/USDT, and USELESS/USDT perpetual contracts with 20x leverage, alongside a trading event from August 14 to 21 aimed at rewarding active traders.

USDT

Summary

According to the official announcement, Huobi HTX introduced three new perpetual contracts—AIO/USDT, XNY/USDT, and USELESS/USDT—with up to 20x leverage on August 14. In addition, a trading party event runs from August 14 to 21 with a $20,000 prize pool, rewarding users who execute cumulative trades of at least 10,000 USDT and offering exclusive benefits to new traders. This press release highlights the platform's continued effort to diversify its trading products.

Terms & Concepts
  • Perpetual Contracts: Financial instruments with no expiration date, allowing continuous trading, commonly used in crypto derivatives.
  • Leverage: A trading mechanism that amplifies exposure by using borrowed funds, in this case up to 20 times the original investment.