Huobi HTX Expands Derivatives Portfolio with Three New Altcoin Futures Contracts
Cryptocurrency exchange Huobi HTX has launched perpetual futures contracts for three new assets: CIFR/USDT, APD/USDT, and ASX/USDT. These contracts allow users to open both long and short positions in these assets with leverage between 1x and 20x.
Huobi HTX's addition of new futures products is part of its strategy to expand its derivatives portfolio. Perpetual futures contracts are popular due to their lack of a fixed expiration date, making them suitable for investors who want to take positions based on market expectations.
The exchange also announced a trading competition in parallel with the launch of the new contracts. The campaign started on September 11 and will continue until 3:00 PM on September 15. Users can participate by registering and trading in futures contracts for the included assets, with rewards distributed among those who meet specified participation and trading criteria.
Huobi HTX emphasized the importance of risk management when engaging in leveraged trading, as high positions can quickly become unsustainable.