HTX Trading Championship: $200K Spot & Futures Competition
HTX Trading Championship kicks off Nov 11–26 UTC, offering a $200,000 prize pool split evenly between spot trading and futures trading. Traders register on HTX and trade to qualify for leaderboard rewards. In the spot section, participants with ≥1,000 USDT volume compete for $100,000: $30,000 for 1st, $20,000 for 2nd, $10,000 for 3rd, $24,000 shared among ranks 4–10, and $10,000 distributed proportionally among other qualifiers. New users making a first spot trade over 100 USDT receive 3 HTX tokens. The futures section mirrors this structure with a $6,000 newcomer pool and leaderboard for traders exceeding 10,000 USDT volume, awarding $30,000 to the top trader. Additional perks include a $50,000 Newcomer Welcome Bonus with fee rebate vouchers, APY booster coupons, up to 1,200 USDT trial funds, daily free lucky draws, and crypto giveaways. This HTX Trading Championship forms part of HTX’s $1 million global festival, aiming to boost trading activity and engage both beginners and pros.
Neutral
The HTX Trading Championship is primarily a promotional event designed to drive platform engagement rather than directly impacting the price of a specific cryptocurrency. In the short term, the competition may increase USDT trading volume on HTX and boost HTX token distribution among new users, but this is unlikely to exert significant upward or downward pressure on HTX token’s market price. Over the long term, sustained trading incentives could improve platform liquidity and user retention, which may support a more stable trading environment. However, without a direct token burn or major protocol update, the overall market impact remains neutral.