Huobi HTX Launches RED Perpetual Contracts with 20x Leverage and $10,000 Prize Pool

Huobi HTX has recently launched RED perpetual contract trading, marking a significant expansion of its trading options. This new offering allows traders to speculate on the future price movements of various cryptocurrencies without the need to own the underlying assets, providing a flexible and potentially lucrative trading opportunity. The maximum leverage for these contracts is set at 20x, offering traders the potential for amplified returns.

In conjunction with the launch of RED perpetual contracts, Huobi HTX has initiated a contract trading party. This event, running from March 6th, 23:00 to March 13th, 23:00 (UTC+8), features a total prize pool of up to $10,000. The activities include new user benefits and a trading party, both designed to encourage participation and engagement. New users who make their first-ever contract trade with a minimum of 100 USDT will receive 3 USDT worth of HTX, with a total prize pool of $3,000 equivalent in HTX. Additionally, users participating in the RED/USDT contract trading with a cumulative effective trading volume of 10,000 USDT or more will be eligible to share $7,000 equivalent in HTX based on their trading volume ranking.

This move by Huobi HTX is part of a broader strategy to enhance its offerings and attract more traders to its platform. The introduction of RED perpetual contracts provides traders with more flexibility and opportunities to profit from market movements, while the contract trading party serves as a platform for community engagement and education. By offering these new trading options, Huobi HTX demonstrates its commitment to innovation and its efforts to stay competitive in the rapidly evolving cryptocurrency market.

The launch of RED perpetual contracts and the initiation of the contract trading party are significant developments for Huobi HTX. These initiatives not only expand the exchange's product offerings but also create new opportunities for traders to engage with the platform and benefit from its services. As the cryptocurrency market continues to evolve, Huobi HTX's commitment to innovation and community engagement will be crucial in maintaining its competitive edge and attracting new users.

Overall, the introduction of RED perpetual contracts and the contract trading party are positive developments for Huobi HTX and its users. These moves demonstrate the exchange's technical capabilities and its ability to adapt to the changing needs of traders. By successfully launching this new product