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Huobi HTX Introduces MONAD/USDT Perpetual Contracts with 20x Leverage

Huobi HTX lists MONAD/USDT perpetual contracts with up to 20x leverage, offering $10,000 in prizes for high-volume traders from November 25 to December 2.

USDT

Summary

According to Huobi HTX’s official announcement, MONAD/USDT perpetual contracts were listed on November 25 with leverage options up to 20x. A promotional event runs from November 25 to December 2, offering a $10,000 prize pool to traders surpassing 10,000 USDT in volume, along with extra rewards for newcomers to contract trading.

Terms & Concepts
  • Perpetual Contracts: A type of futures contract without an expiry date, allowing continuous trading with leverage.
  • Leverage: Borrowed capital used to increase potential returns, expressed as a multiplier of the trader's own funds.
  • USDT: A stablecoin pegged to the US dollar, commonly used as a trading pair in cryptocurrency markets.