HTX launches ZBT/USDT perpetual with up to 20x leverage and $10,000 trading party
Huobi HTX listed a ZBT/USDT perpetual futures contract on December 26, offering up to 20x leverage. To promote trading, HTX launched a ZBT contract trading campaign running from Dec 26 15:00 to Jan 2 15:00 (UTC+8) with a $10,000 prize pool. Participants must register and reach a cumulative valid trading volume of at least 10,000 USDT in ZBT/USDT contracts to share rewards based on ranking. New contract users trading ZBT/USDT are eligible for additional exclusive benefits. The announcement is presented as market information and not investment advice.
Neutral
Listing a new perpetual contract with promotional incentives typically increases short-term trading volume and liquidity for the specific token (ZBT), which can produce temporary price movement and greater derivatives activity. The 20x leverage and $10,000 prize pool are marketing measures designed to attract traders and boost order flow rather than signaling fundamental changes to ZBT or the broader market. For traders this implies potentially higher intraday volatility and tighter spreads for ZBT contracts during the campaign window, benefiting liquidity-seeking and short-term strategies. However, because the announcement is exchange-led promotion without new protocol developments or macro drivers, its lasting impact is limited; post-campaign volumes and volatility often revert. Similar past exchange listings and rewards campaigns (new perpetual listings on major venues) produced short-lived rallies or spikes in open interest that normalized after incentives ended. Therefore the overall market implication is neutral: positive for short-term ZBT derivatives activity, but unlikely to materially shift broader crypto market direction.