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Huobi HTX Launches TRUST/USDT Perpetual Contracts with 20x Leverage

According to Huobi HTX, the ALLO/USDT perpetual contracts debut with a $10,000 trading event prize pool for participants meeting eligibility criteria between November 12 and November 19.

USDT

Summary

Huobi HTX officially launched ALLO/USDT perpetual contracts on November 12, offering traders up to 20x leverage. The exchange announced a trading event from November 12 to November 19 with a total prize pool of $10,000. To qualify, users must complete registration and achieve at least 10,000 USDT in cumulative trading volume during the event period.

Terms & Concepts
  • Perpetual Contract: A type of futures contract without an expiry date, allowing continuous trading based on an underlying asset's price.
  • USDT: Tether, a stablecoin pegged to the U.S. dollar, often used for trading and payments in the cryptocurrency market.
  • Leverage: The use of borrowed funds to increase trading position size, which can amplify both potential gains and losses.