HTX Launches SPX500/USDT Perpetual Contract With Up to 20x Leverage

According to HTX’s official statement, the exchange launched SPX500/USDT perpetual trading on March 25 and paired it with a limited-time campaign offering a $10,000 prize pool.

USDT

Summary

HTX officially announced the launch of the SPX500/USDT perpetual contract on March 25 with leverage of up to 20x. According to the company’s official statement, a trading campaign runs from March 25 at 15:00 to April 1 at 15:00 UTC+8, with a total prize pool of $10,000. To qualify for rewards, users must reach a cumulative valid trading volume of at least 10,000 USDT.

Terms & Concepts
  • Perpetual contract: A derivatives contract without an expiration date that allows traders to speculate on price movements using margin.
  • USDT: Tether’s U.S. dollar-pegged stablecoin, commonly used as the quote asset and settlement currency on crypto trading platforms.
  • Leverage: A trading mechanism that lets users open larger positions with less capital, magnifying both gains and losses.