HTX Lists PROVE with 10X PROVE/USDT Margin Trading
Huobi’s HTX exchange will open deposits for the PROVE token on August 25 at 18:00 (GMT+8) and enable spot trading for PROVE/USDT at 21:00 the same day. Withdrawals will go live August 26 at 21:00. Simultaneously, HTX will launch 10X isolated margin trading for the PROVE/USDT pair. PROVE, recommended by the HTX DAO community, underpins Succinct’s decentralized proof network, offering a unified zero-knowledge proof infrastructure. The listing and new leveraged trading options aim to boost liquidity and trading depth for PROVE, providing traders with greater exposure and leverage in line with market demand. The leveraged trading launch expands leverage trading options and reinforces HTX’s commitment to broadening its product suite.
Bullish
The announcement of PROVE listing and 10X margin trading on HTX is likely bullish. New listings typically attract fresh capital inflows and elevated trading volume, especially when accompanied by high-leverage options. Similar events on major exchanges (e.g., Binance’s leveraged launches) have historically driven short-term price rallies and higher liquidity. In the short term, traders may open leveraged positions to speculate on PROVE’s price, boosting trading depth. In the long run, continuous margin support and HTX DAO backing can enhance token visibility and adoption, reinforcing price stability and potential upside as market participants gain confidence in the project.