Huobi HTX Launches Ethereum Sector Trading Competition: Deepening Focus on and Support for the Ethereum Ecosystem
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Huobi HTX Launches Ethereum Sector Trading Competition: Deepening Focus on and Support for the Ethereum Ecosystem
Users participating in spot leveraged trading of Ethereum ecosystem sector coins can share a 10,000 USDT prize pool.
Navigating Web3 tides with focused insightsOn May 24, Huobi HTX launched an Ethereum sector trading competition to celebrate the U.S. SEC's simultaneous approval of 19b-4 filings for eight Ethereum spot ETFs. Users participating in spot margin trading of cryptocurrencies within the Ethereum ecosystem can share a 10,000 USDT prize pool. Huobi HTX has long been committed to supporting innovation and development in the Ethereum ecosystem, and hopes to contribute to its ongoing growth and expansion through this trading event.
According to the announcement, the event runs from May 24 at 20:00 (UTC+8) to May 31 at 20:00 (UTC+8), covering ten cryptocurrencies: ETH, ONDO, PEPE, WOJACK, PEOPLE, TURBO, ENS, SSV, PENDLE, and BANANA.
Users who participate in spot margin trading of these ten tokens will share the 10,000 USDT prize pool based on their spot margin trading volume, with a maximum individual reward of 2,000 USDT. During the event period, users are considered registered participants simply by visiting the event page on any single day, after which their trading volume throughout the event period will be counted. Notably, trades in ETH/USDT, ONDO/USDT, PEPE/USDT, PEOPLE/USDT, and PENDLE/USDT will count triple toward the user’s total trading volume.
Reportedly, in the early hours of May 24, Beijing time, the U.S. Securities and Exchange Commission approved 19b-4 forms for several Ethereum spot ETFs, including those from BlackRock, Fidelity, and Grayscale. In addition, six more Ethereum spot ETFs remain under review.
Huobi HTX stated that the approval of Ethereum spot ETFs marks a new milestone for the crypto market—four months after the launch of Bitcoin spot ETFs—and this advancement is expected to push the cryptocurrency market to new highs. Huobi HTX continues to deepen its focus on and support for the Ethereum ecosystem, striving to grow alongside this innovative technology. Moving forward, it will remain a steadfast supporter and active participant in the Ethereum ecosystem, exploring and realizing the broad future of Web3 together with the global community.
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