HTX Prescribes Perpetual Leverage for Two More Altcoins

HTX, formerly known as Huobi, has decided its derivatives menu needed a couple more spicy options. The exchange has officially launched perpetual futures contracts for the $CFG/USDT and G/USDT pairs, bringing Centrifuge and Gravity tokens into the leverage therapy session as of March 17.

These shiny new contracts offer traders the classic crypto experience: up to 20x leverage. After all, why just trade an asset when you can strap a rocket to it? For those whose memories have been wiped clean by the last market cycle, perpetuals are those handy derivatives that conveniently never expire.

To mark the occasion, HTX is hosting a 'Contract Trading Party,' because what's a new financial product without a promotional rave? The festivities run from March 17 at 3 PM to March 24 at 3 PM, featuring a total prize pool of $20,000 in what we'll assume is real, spendable money.

Earning a slice of that pie requires users to register and then generate some serious volume on the new $CFG or G contracts. Anyone who manages to churn through at least $10,000 in valid trading volume gets a ticket to the reward pool, with their final share determined by their overall volume ranking—a classic degen meritocracy.

Newcomers to the wild world of contract trading get their own special incentives for playing with these specific pairs. It's a familiar pattern: exchanges love to roll out a volume-boosting campaign right alongside a derivatives expansion. As analysts note, these promos are a reliable way to juice user activity and market liquidity, making the new listings look less like ghost towns.

*This is not financial advice, but if it were, it would probably tell you to DYOR.