Huobi HTX Lists SOMI with SOMI/USDT (10X) Isolated Margin Trading at 18:00
Huobi HTX announced it opened SOMI (Somnia) deposit at 14:30 (GMT+8) on Dec 10 and will list SOMI/USDT spot trading at 18:00 (GMT+8) the same day. Withdrawals for SOMI are scheduled to open at 18:00 (GMT+8) on Dec 11. Concurrently, HTX will add SOMI/USDT (10X) isolated margin (perpetual/leveraged spot) trading at 18:00 on Dec 10. Somnia is an EVM‑compatible Layer‑1 blockchain focused on high‑throughput, low‑cost real‑time consumer applications across gaming, social, metaverse and DeFi, using a MultiStream architecture to enable scalability. The announcement provides timeline details for deposits, spot trading, withdrawals and leveraged trading, and notes that the content is market information only, not investment advice.
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Neutral
Exchange listings with immediate margin pairs typically have limited direct impact on broader market fundamentals. The listing of SOMI and the addition of a SOMI/USDT (10X) isolated margin pair on Huobi HTX increases liquidity and trading access for the token, which can drive short‑term volatility and volume spikes—particularly around listing and withdrawal windows. For traders: expect higher intraday volatility and volume at and shortly after 18:00 (GMT+8), with potential quick price run‑ups from liquidity takers and listing hype, followed by rapid profit‑taking. The 10X isolated leverage increases risk of liquidations, possibly amplifying short‑term moves. Historically, small‑cap token listings on major exchanges cause temporary bullish price action due to order flow and taker demand but often revert as initial demand subsides. Long‑term impact depends on Somnia’s adoption, on‑chain activity, and broader market conditions; a listing alone is unlikely to materially change long‑term valuation without sustained usage or ecosystem developments. Overall market stability is unlikely to be affected beyond elevated short‑term volatility in SOMI and related small‑cap token segments.