Huobi HTX Lists SQD/USDT Perpetual Contract and Launches $10,000 Trading Campaign
Huobi HTX has launched the SQD/USDT perpetual futures contract with up to 20x leverage and simultaneously opened a contract trading campaign running from Dec 25, 16:00 to Jan 1, 16:00 (UTC+8). The promotion features a $10,000 prize pool. Eligible users must register and achieve a cumulative valid trading volume of at least 10,000 USDT in SQD/USDT perpetual contracts to share the reward pool; new contract users trading SQD/USDT will receive additional exclusive benefits. The announcement emphasizes market information only and does not constitute investment advice.
Neutral
The listing of an SQD/USDT perpetual contract with up to 20x leverage and a $10,000 promotional prize pool is primarily an exchange product and marketing update rather than a fundamental development for SQD itself. Short-term effects may include a moderate increase in SQD spot and futures volume and volatility as traders enter to qualify for the campaign and arbitrage between spot and perpetual markets. The introduction of leverage can amplify price moves, creating short-term volatility opportunities for traders and higher liquidation risk. However, absent broader news about SQD (partnerships, protocol upgrades, or major listings on other venues), the medium- to long-term impact on SQD’s price or market structure is likely limited. Historically, exchange listings and incentive campaigns drive temporary volume and price bumps but rarely change long-term fundamentals. Traders should watch funding rates, open interest, and order-book depth during the campaign to manage risk.