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Huobi HTX Lists BROCCOLI/USDT Perpetual Contracts With 20x Leverage

Huobi HTX adds BROCCOLI/USDT perpetual contracts with a $10,000 prize pool campaign for traders between January 7 and January 14, offering extra rewards for new contract participants.

USDT

Summary

Huobi HTX announced the launch of BROCCOLI/USDT perpetual contracts with up to 20x leverage starting January 7. A promotional event running until January 14 features a $10,000 prize pool based on trading volume rankings, with additional perks for new contract users.

Terms & Concepts
  • Perpetual contracts: A type of cryptocurrency derivative that has no expiration date, allowing traders to hold positions indefinitely while often using leverage.
  • USDT: A stablecoin pegged to the U.S. dollar, commonly used for trading and transferring value in cryptocurrency markets.
  • Leverage: The use of borrowed capital to increase the potential return of an investment, also increasing potential risk.