Blab Crypto
Huobi HTX Launches CIFR, APD, ASX Perpetual Futures and 1 Billion-Token Trading Competition
Huobi HTX announced on September 11 that it has added USDT‑settled perpetual futures contracts for CIFR, APD and ASX. The new products allow traders to take long or short positions with leverage ranging from 1× to 20×. A four‑day trading competition, running from September 11 to 3:00 PM on September 15, offers a total prize pool of 1 billion HTX tokens to participants who meet specified volume and participation thresholds.
The perpetual contracts are part of Huobi HTX’s broader strategy to expand its derivatives suite beyond spot trading. Perpetual futures, which do not have a fixed expiration date, are a common instrument for leveraged exposure in the crypto market. Huobi HTX’s announcement notes that the contracts will be settled in USDT, the most widely used stablecoin, and that standard funding‑rate mechanisms will be used to keep contract prices aligned with the underlying spot market. The exchange did not publish detailed funding‑rate schedules or position‑size limits, but it confirmed that both long and short trades are supported.
The launch of CIFR, APD and ASX contracts follows a series of similar product introductions by Huobi HTX in recent months, including the addition of SONIC/USDT and WET/USDT perpetuals. By listing these new assets, the exchange aims to attract traders who want leveraged exposure to a broader range of tokens. The company’s statement emphasizes that the new products are intended to serve both short‑term speculators and longer‑term position traders.
The trading competition is designed to drive liquidity in the newly listed markets. Participants must first register, then trade the CIFR, APD or ASX perpetual contracts during the competition window. Rewards will be distributed to users who satisfy the competition’s volume and participation criteria, although the exact allocation methodology was not disclosed. The prize pool of 1 billion HTX tokens is tied to the exchange’s native token, encouraging users to engage with the broader HTX ecosystem.
Huobi HTX has issued a standard risk warning for leveraged products. The exchange cautions that high leverage can amplify losses and that traders should monitor position sizes, use stop‑loss orders, and avoid overexposure. The announcement also includes a disclaimer that the content is not investment advice.
In summary, Huobi HTX has expanded its derivatives offering with three new perpetual futures contracts and a large‑token competition aimed at generating early liquidity. The launch reflects the exchange’s ongoing effort to compete in the highly active crypto‑derivatives market. Market participants will be watching trading volumes and liquidity development in the coming days to gauge the long‑term viability of the new contracts.
The perpetual contracts are part of Huobi HTX’s broader strategy to expand its derivatives suite beyond spot trading. Perpetual futures, which do not have a fixed expiration date, are a common instrument for leveraged exposure in the crypto market. Huobi HTX’s announcement notes that the contracts will be settled in USDT, the most widely used stablecoin, and that standard funding‑rate mechanisms will be used to keep contract prices aligned with the underlying spot market. The exchange did not publish detailed funding‑rate schedules or position‑size limits, but it confirmed that both long and short trades are supported.
The launch of CIFR, APD and ASX contracts follows a series of similar product introductions by Huobi HTX in recent months, including the addition of SONIC/USDT and WET/USDT perpetuals. By listing these new assets, the exchange aims to attract traders who want leveraged exposure to a broader range of tokens. The company’s statement emphasizes that the new products are intended to serve both short‑term speculators and longer‑term position traders.
The trading competition is designed to drive liquidity in the newly listed markets. Participants must first register, then trade the CIFR, APD or ASX perpetual contracts during the competition window. Rewards will be distributed to users who satisfy the competition’s volume and participation criteria, although the exact allocation methodology was not disclosed. The prize pool of 1 billion HTX tokens is tied to the exchange’s native token, encouraging users to engage with the broader HTX ecosystem.
Huobi HTX has issued a standard risk warning for leveraged products. The exchange cautions that high leverage can amplify losses and that traders should monitor position sizes, use stop‑loss orders, and avoid overexposure. The announcement also includes a disclaimer that the content is not investment advice.
In summary, Huobi HTX has expanded its derivatives offering with three new perpetual futures contracts and a large‑token competition aimed at generating early liquidity. The launch reflects the exchange’s ongoing effort to compete in the highly active crypto‑derivatives market. Market participants will be watching trading volumes and liquidity development in the coming days to gauge the long‑term viability of the new contracts.
