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Huobi Opens RED Deposits, Launches RED/USDT Trading Pair
Generated by AI AgentCoin World
Wednesday, Mar 5, 2025 6:57 am ET1min read
Huobi HTX, a leading global cryptocurrency exchange, has announced that it will open deposit services for RED (RedStone) at 6:00 PM today. Additionally, the exchange will jointly launch the RED/USDT trading pair on March 6th. This move is expected to further expand the trading options available to users on the platform.
RedStone, the fastest-growing
, focuses on providing yield-bearing collateral for the lending market, securing assets worth over $10 billion. It offers various in-demand asset data, including LSTs, LRTs, and Bitcoin LSTs, bringing a richer and more secure option to the decentralized finance ecosystem. Previously, HTX Ventures, the investment arm of Huobi HTX, made a strategic investment in RedStone Oracles to support the development of modular DeFi infrastructure.Huobi HTX's decision to open deposit services and launch the RED/USDT trading pair comes as the cryptocurrency market continues to grow and evolve. As more users seek access to a wider range of trading options, exchanges like Huobi HTX are responding by expanding their offerings. This move is likely to be well-received by users looking to diversify their portfolios and take advantage of new trading opportunities.
The launch of the RED/USDT trading pair is also expected to increase liquidity on the platform, making it easier for users to buy and sell RED tokens. This, in turn, is likely to attract more users to the platform, further boosting its growth and popularity.
In addition to the RED/USDT trading pair, Huobi HTX has also announced that RED withdrawals will be open on March 7th at 21:00 (GMT+8). This will allow users to easily transfer their RED tokens off the platform if they wish to do so.
Overall, Huobi HTX's decision to open deposit services and launch the RED/USDT trading pair is a positive development for the cryptocurrency market. By expanding its offerings and increasing liquidity, the exchange is helping to drive growth and innovation in the decentralized finance ecosystem.
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