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Huobi Futures launches 100,000 USDT contest expanding Derivatives offerings

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Huobi Futures, a leading global digital asset derivatives trading platform under the Huobi Group, today announced the launch of its latest community initiative, the Derivatives Master Trading Contest. From February 5-12, users can participate in events for a chance to win a piece of the 100,000 USDT giveaway and become a “Derivatives Trading Master.” 

Crypto derivatives play a crucial role in the digital assets market, as they enable investors to hedge a position, speculate on an underlying asset, or add leverage to their holdings. Demand for crypto derivatives products has continued to surge in recent months, as investors look for ways to make the most of their investments while still mitigating risk.

A 2021 study from Carnegie Mellon University CyLab revealed that, on average, the traded volume in crypto derivatives markets exceeds the regular crypto spot markets by a factor of five. 

As derivatives products grow in popularity, Huobi Futures is expanding its crypto derivative offerings. In December, Huobi Futures introduced USDT-margined futures, a derivatives product that uses USDT as the margin and to calculate profit. The product is the latest addition to the exchange’s existing suite of derivatives products, which include USDT-margined swaps, coin-margined swaps, and coin-margined futures. 

“Huobi Futures Derivatives Master Trading Contest is an initiative that’s designed for professional traders and our regular users who favor futures trading. All participating traders can gain enticing rewards through trading USDT-margined contracts,” said Jeff Mei, Director of Global Strategy. “Our robust risk control system ensures a smooth trading experience and protects users from unexpected liquidation.”

How to Participate in the Derivatives Master Trading Contest?

With it latest community initiative focused on derivatives, Huobi Futures is giving away 100,000 USDT across two events.

Event 1: Sign up to grab 40,000 USDT!

Event Period: 8:00 on Feb 5 – 8:00 on Feb 7, 2022 (UTC)

During the event period, users can log in to Huobi Futures and complete registration to win a 2 USDT trial bonus. The bonuses can be used for Event 2, thereby users will be able to win big prizes with zero by using the trial bonuses they obtained. There are 20,000 rewards in total that will be distributed on a first-come, first-served basis. 

Event 2: Trade USDT-margined contracts to grab 60,000 USDT

Event Period: 8:00 on Feb 7 – 8:00 on Feb 12, 2022 (UTC) 

During the event period, users who trade or hold positions of USDT-margined contracts (cross-margin mode) will be ranked based on their PnL ratio. Users whose daily trading volume is equal to or greater than 100 USDT will be eligible for daily ranking; users whose cumulative trading volume during the promotion is equal to or greater than 1,000 USDT will be eligible for total ranking. 

The top 20 traders in the daily ranking and total ranking categories will be able to share a trial bonus totaling $60,000 USDT and win access to 3-star Primebox cards. 

To join the contest or to find the full rules, go to the event page on Huobi Futures. 

About Huobi Futures

Huobi Futures is a global leading digital asset derivative trading platform. Launched in December 2018, Huobi Futures is committed to providing the most secure, professional, and efficient crypto derivatives service for its users. As one of the largest one-stop digital asset derivatives platforms, Huobi Futures provides multiple derivatives products including USDT-margined swaps, coin-margined futures, and coin-margined swaps.

Disclaimer: This is a paid post and should not be treated as news/advice.

With Masters in Mass communication and journalism, Anjali's interests lie in blockchain technology adoption across emerging economies.

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