Back

HTX Expands Perpetual Contract Offerings with ZIL/USDT Pair and Trading Contest

Huobi HTX will launch ZIL/USDT perpetual contracts with 20x leverage and host a multi-asset trading event offering $20,000 in rewards for active participants.

USDT

Summary

Huobi HTX announced the February 4, 2025 launch of ZIL/USDT perpetual contracts, enabling traders to access up to 20x leverage. From February 4 to February 11, the exchange will run a contract trading party featuring ZIL, gold (XAU), platinum (XPT), and palladium (XPD) pairs, with a prize pool of $20,000. To qualify for rewards, participants must meet a minimum trading volume threshold of 10,000 USDT during the event. This marks HTX’s continued expansion into diversified perpetual offerings, combining cryptocurrency and precious metal token markets.

Terms & Concepts
  • Perpetual contracts: A type of futures contract with no expiration date, allowing continuous trading and typically using a funding mechanism to anchor prices to the spot market.
  • Leverage: A trading mechanism that enables control of a larger position with a smaller amount of capital, increasing both potential profits and risks.
  • USDT: A stablecoin pegged to the US dollar, commonly used for margining and settlement in cryptocurrency derivatives markets.