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Huobi HTX Launches Binance Human/USDT Perpetual Contracts with 20x Leverage

Huobi HTX announced LAB/USDT perpetual contracts on October 31, alongside a trading event offering a $10,000 prize pool through November 7.

USDT

Summary

Huobi HTX has introduced LAB/USDT perpetual contracts with up to 20x leverage, effective October 31. The launch is accompanied by a trading event running until November 7, featuring a $10,000 prize pool for eligible traders. This new product expands Huobi HTX’s contract offerings by providing a high-leverage option for LAB/USDT trading.

Terms & Concepts
  • Perpetual Contract: A type of futures contract with no expiry date, allowing traders to hold positions indefinitely while typically using leverage.
  • USDT: Tether, a widely used stablecoin pegged to the US dollar, often employed for trading and hedging in cryptocurrency markets.
  • Leverage: A financial tool enabling traders to control larger positions with a smaller amount of capital, amplifying both potential gains and losses.