On September 11, 2023, the HTX exchange introduced a new perpetual contract for LINEA/USDT with a leverage of up to 20x. This move may significantly impact the DeFi market and open new opportunities for traders.
Launch of LINEA/USDT Contract
On September 11, 2023, HTX, through its research division, launched the perpetual contract for LINEA/USDT with up to 20x leverage. This event marks a strategic initiative by the exchange in the derivatives sector, aimed at increasing trading volumes and liquidity.
Impact of the Contract on Market Dynamics
The launch of the LINEA contract is expected to influence trading volumes and open interest. This initiative aligns with HTX's efforts to provide advanced trading tools. Experts note that this could lead to increased derivatives trading volume driven by new leverage options.
Historical Patterns and Potential Changes
Historical data shows that similar launches by HTX have previously led to increased market activity. Experts from Kanalcoin suggest that the introduction of new contracts often coincides with market peaks, underscoring the possibility of institutional interest in USDC and related trading activities.
The launch of the perpetual contract on LINEA/USDT indicates that HTX continues to expand its innovative offerings in the derivatives market, potentially leading to significant changes in trading activity in DeFi.
