Cryptocurrency exchange Huobi $HTX announced that it has expanded its derivatives portfolio by adding two new perpetual futures contracts to its platform. According to the official statement, the exchange made the $CFG/$USDT and G/$USDT perpetual contracts for Centrifuge and Gravity tokens available for users to trade as of March 17.
According to information shared by the exchange, the newly listed contracts offer investors the opportunity to use leverage up to 20x. Perpetual futures contracts are derivative products that allow trading without a specific expiration date and are attracting significant interest in the cryptocurrency market.
$HTX has also launched a promotional campaign to support the launch of the new contracts. Called the “Contract Trading Party,” the event will run from March 17th at 3 PM to March 24th at 3 PM. The total prize pool for the campaign is stated to be $20,000.
Users wishing to participate in the event must first register and then trade $CFG/$USDT or G/$USDT contracts. Users who reach a valid trading volume of at least 10,000 $USDT during the campaign period will be able to share the reward pool, ranked according to their trading volume.
The exchange also stated that it will offer additional incentives for users new to contract trading. New users trading $CFG/$USDT or G/$USDT contracts will be able to benefit from special rewards and advantages.
Cryptocurrency exchanges have recently been organizing various campaigns to increase trading volume, in addition to expanding their derivatives offerings. Analysts note that such promotions can increase user participation and contribute to market liquidity.
*This is not investment advice.
