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Crypto DeFi

Huobi HTX Lists PG and ABBV Perpetual Contracts

Huobi HTX listed PG/USDT and ABBV/USDT perpetual contracts on October 26, offering 1x to 20x leverage for both long and short positions. The exchange also launched a new-contract trading competition running through October 29 at 15:00 (UTC+8), with a total prize pool of 1 billion HTX tokens and 5,000 USDT in contract trial funds for users who register and meet specified trading thresholds.

Original source

AI take

Tokenized exposure to consumer staples and pharma equities is the real signal here: perpetuals on PG and ABBV push Huobi HTX further into synthetic equity products, a lane where crypto venues increasingly compete with traditional brokers and where leverage amplifies the stakes. The prize pool is the tell — a 1 billion HTX token pool plus trial funds is an aggressive liquidity grab aimed at pulling traders into a brand-new, thin order book. Whether these contracts attract durable volume after the October 29 competition ends is the open question, and that will say more about demand for on-chain equity exposure than any launch-day promotion.

Generated by AI for reference only.

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