Huobi HTX Launches New Perpetual Contracts With 20x Leverage

Huobi htx, a leading cryptocurrency exchange, has introduced MUBARAK/USDT and BMT/USDT perpetual contracts, marking a significant expansion of its trading options. The launch, announced on March 18, includes a maximum leverage of 20 times, offering traders the potential for substantial gains while also increasing the associated risks. This move is part of Huobi HTX's broader strategy to create a more dynamic and engaging trading environment.

The introduction of these perpetual contracts reflects Huobi HTX's dedication to diversifying its product offerings and meeting the evolving needs of its users. Perpetual contracts, which do not have an expiration date, allow traders to maintain their positions for extended periods, making them an attractive option for those looking to capitalize on long-term market trends. The 20x leverage provided on these contracts enhances the potential for significant returns, although it also amplifies the risks involved.

To celebrate the launch of these new contracts, Huobi HTX has initiated a Contract Trading Party event. This event, running from March 18 at 17:00 to March 25 at 17:00 (UTC+8), features a total prize pool of up to $20,000. The event includes various activities and rewards designed to incentivize participation and foster a sense of excitement within the trading community. New users who make their first-ever contract trade of at least $100 will receive 3 USDT worth of HTX, with a total prize pool of 6,000 USDT worth of HTX. Additionally, users participating in MUBARAK/USDT and BMT/USDT contract trading with a cumulative valid trading volume of $10,000 or more will be eligible to share $14,000 worth of HTX based on their trading volume ranking.

Ask Aime: What are the risks associated with Huobi HTX's new perpetual contracts?

The Contract Trading Party event serves multiple purposes. It acts as a promotional tool to attract new users and engage existing ones, while also providing an educational platform. By offering rewards and incentives, Huobi HTX aims to help traders understand the complexities of perpetual contracts and leverage trading, thereby enhancing their overall trading experience. This initiative underscores Huobi HTX's commitment to innovation and user engagement, positioning the exchange as a leader in the cryptocurrency trading landscape. The event is likely to draw both novice and experienced traders, further cementing Huobi HTX's reputation as a platform offering diverse and dynamic trading opportunities.