Huobi HTX Introduces TRIA/USDT and GPS/USDT Perpetual Contracts With 20x Leverage

Huobi HTX expands its derivatives lineup by adding GPS/USDT perpetual contracts offering up to 20x leverage, alongside existing TRIA contracts and trading event incentives.

USDT

Summary

In an official February 10 announcement, Huobi HTX launched GPS/USDT perpetual contracts, supporting both long and short positions with leverage ranging from 1x to 20x. This follows the earlier release of TRIA/USDT perpetual contracts, also offering up to 20x leverage, accompanied by a February 9–16 trading event with a $10,000 prize pool for participants reaching at least 10,000 USDT in volume. New contract traders receive additional rewards, reflecting Huobi HTX’s push to widen its cryptocurrency derivatives offerings.

Terms & Concepts
  • Perpetual Contract: A type of cryptocurrency derivative with no expiry date, allowing traders to speculate on asset prices using leverage.
  • Leverage: Using borrowed funds to increase potential returns on trades, magnifying both gains and losses.
  • USDT: Tether, a stablecoin pegged to the US dollar, often used as a trading pair in crypto markets.