HTX, a prominent cryptocurrency exchange established in 2013, has unveiled an exciting ‘Trade to Earn’ event aimed at enriching trading experiences and providing users with opportunities for asset growth. This initiative comes as Bitcoin, the world’s largest cryptocurrency, has rebounded from its largest weekly drop in nearly six months, briefly reaching $71,000 on March 25.
According to a report by 10x Research, Bitcoin may surge to a new high of $83,000 after a period of consolidation. Ki Young Ju, the founder and CEO of CryptoQuant, has warned of a potential liquidity crisis among sellers within the next six months, citing the rapid net inflow of spot Bitcoin ETFs, which exceeded 30,000 BTC in early March. Should such a crisis occur, Bitcoin’s next peak could surpass expectations due to limited seller liquidity and a thin order book.
The ‘Trade to Earn’ event applies to BTC/USDT spot and futures trading on the HTX exchange. Participation in either trading type enables users to enjoy negative fee rates and stand a chance to share a daily prize pool of 100,000 USDT, respectively. This event enhances the platform’s liquidity through reduced trading costs and improved trading efficiency, offering users a better trading experience. Meanwhile, the supply of HTX’s native token, $HTX, will be decreased through the event to enhance its stability and value, helping attract more investors and users to participate in ecosystem development.
According to HTX’s announcements, the ‘Trade to Earn’ event will conclude at 11:59:59 (UTC) on April 14, 2024, for the BTC/USDT spot trading and at 11:59:59 (UTC) on March 27, 2024, for the BTCUSDT perpetual futures trading. Users can claim their $HTX rewards at any time for spot trades, while futures rewards will be credited within 3 working days after each round. To participate, users must have at least 300 Rockets for spot trading or 10 USDT (excluding futures trial bonuses) for futures trading and register on the event page.
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