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Huobi HTX to Launch KITE Trading and Deposits on November 3

Huobi HTX to Launch KITE Trading and Deposits on November 3

Huobi HTX introduces MMT/USDT perpetual contracts with up to 20x leverage, accompanied by a trading event offering $10,000 in prizes from November 5 to November 12.

USDT

Summary

According to HTX’s official announcement, Huobi HTX launched MMT/USDT perpetual contracts on November 5 with leverage of up to 20x. The exchange is holding a promotional event with a $10,000 prize pool, running until November 12. Participants can earn rewards by meeting trading volume and new contract activity criteria set by HTX.

Terms & Concepts
  • Perpetual Contracts: A type of futures contract without an expiry date, allowing traders to hold positions indefinitely while using leverage.
  • Leverage: The use of borrowed funds to increase potential returns, enabling control of a larger position with a smaller amount of capital.
  • USDT: A U.S. dollar-pegged stablecoin used widely in cryptocurrency trading to facilitate transactions without fiat currency conversion.