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HTX Introduces Spot and 10x Margin Trading for MANYU Token

HTX lists Ethereum-based meme coin MANYU, with the community-driven governance mechanism guiding its addition and expanding trading options to include USDT pairing and 10x isolated margin.

ETH
USDT

Summary

HTX has launched trading for the MANYU/USDT pair, offering both spot and 10x isolated margin trading. MANYU is an Ethereum-based meme coin inspired by the Shiba Inu Manyu, with its listing decided through HTX DAO community governance, utilizing $HTX as the governance credential.

Terms & Concepts
  • Spot Trading: The purchase or sale of a financial instrument, such as cryptocurrency, for immediate delivery and payment.
  • Isolated Margin Trading: A margin trading method where only the allocated margin for a position is at risk, preventing losses from affecting the trader’s overall account balance.
  • HTX DAO Governance: A community-driven decision-making process within the HTX platform, where token holders use $HTX for voting on listings and other initiatives.