Huobi Launches Perpetual Futures Contracts for CIFR, APD, and ASX
Popular cryptocurrency exchange Huobi has announced the launch of perpetual futures contracts for three new assets on its platform. The new contracts, which allow users to trade CIFR/$USDT, APD/$USDT, and ASX/$USDT with leverage between 1x and 20x, are part of Huobi's strategy to expand its derivatives portfolio.
The perpetual futures contracts do not have a fixed expiration date, making them among the most frequently used derivatives in the cryptocurrency markets. This allows users to take positions for price increases or decreases depending on market expectations.
Huobi has also launched a special 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, with participants vying for a share of the prize pool of 1 billion $HTX tokens.