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Huobi HTX launched MAR/USDT perpetual contracts and introduced a trading competition with a total prize pool of 1000000000 HTX.
Huobi HTX Listed MAR perpetual contracts
BlockBeats news,October 9, according to an official announcement, Huobi HTX was launched on October 9 MAR/USDT perpetual contracts, supporting 1-20 x long and short positions.
Original link https://m.theblockbeats.info/flash/370980
BlockBeats reported that Huobi HTX had already October 9 launched MAR/USDT perpetual contracts.
The contracts support 1 to 20 x long and short positions.
The event runs from now until October 15 15: 00（UTC+8）。
Users who complete registration, trade the event's eligible contract assets, and reach the specified threshold will have the opportunity to share 1000000000 HTX from the total prize pool.
The following is analysis, separate from reported facts. Verify important claims independently.
A perpetual contract is a derivative with no fixed expiration date. Users can take long or short positions in MAR and use 1 to 20 x leverage; leverage amplifies both gains and losses. Trading competition rewards are not guaranteed; the original text states that participants must also register and reach the specified threshold.
The newly added perpetual contracts provide MAR with access to leverage and two-way trading; meanwhile, the trading competition may attract users to participate in related contract trading. The original text provides no actual trading volume, price changes, or participant numbers.
Beginners should focus on understanding leverage risk: using 20 x leverage does not necessarily increase returns, and losses are also amplified. Participants can share the event prize pool only after meeting the conditions.
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A derivative contract with no expiration date, designed for continuous holding, whose funding rate mechanism helps keep its price close to that of the underlying asset.
View glossary →A trader establishes a corresponding directional position in a contract in anticipation of the underlying asset’s price rising.
View glossary →A trader establishes a corresponding-direction contract position in anticipation of the underlying asset’s price falling.
View glossary →This term is not in the glossary yet. Browse related concepts in the glossary.
View glossary →A fee paid periodically between long and short positions to help keep the price of a perpetual contract close to the price of the underlying asset.
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