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Crypto DeFi

Huobi HTX Lists CIFR, APD and ASX Perpetual Contracts

Huobi HTX listed CIFR/USDT, APD/USDT and ASX/USDT perpetual contracts on September 11, offering 1x to 20x leverage for both longs and shorts. The exchange is also running a new-contract trading competition from September 11 until 15:00 (UTC+8) on September 15, with a total prize pool of 1 billion $HTX for users who register and meet specified trading thresholds.

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AI take

Perpetual listings on a major exchange give these three assets leveraged, two-sided exposure they previously lacked, which matters most for traders seeking to express directional views or hedge without holding spot. The timing is notable: the contracts arrive alongside a short, prize-funded trading competition, a structure that typically concentrates volume in the first days and then fades. Whether open interest holds after the competition ends is the open question, and it will say more about genuine demand for these names than the launch-week turnover does.

Generated by AI for reference only.

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