Simple and efficient profit opportunities — HTX's order book mining brings a brand-new trading experience
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Simple and efficient profit opportunities — HTX's order book mining brings a brand-new trading experience
Against the backdrop of persistently weak liquidity, HTX (formerly Huobi) has injected new vitality into the market through initiatives such as order book mining, demonstrating the sense of responsibility of a globally leading cryptocurrency exchange.
Navigating Web3 tides with focused insightsIn early July, the crypto market fell for several consecutive days due to potential selling pressure from the German government's bitcoin sales and Mt. Gox's asset repayments, with Bitcoin briefly dropping below $54,000. However, after this period of volatility, panic sentiment is gradually being absorbed. U.S. spot Bitcoin ETFs have seen net inflows for several consecutive days recently, the latest CPI data has been favorable, and expectations for a September rate cut have increased further, leading to signs of market recovery.
Current market liquidity is relatively scarce, amplifying the impact of sentiment on prices. Amid the tug-of-war between positive and negative sentiment, prices will likely continue to oscillate within a certain range. For traders, such volatility implies more opportunities.
To increase returns, different people adopt different trading strategies. But is there a method that allows traders to maximize profits while minimizing risk costs? Huobi HTX’s innovative “Order Book Mining” campaign offers users exactly this opportunity.
A New Way to Trade: Earn Rewards Just by Placing Orders
During this phase of market contention between bulls and bears, whether traders are looking to accumulate BTC at lower levels or capture gains from swing trading, they typically need to place numerous limit orders. Huobi HTX’s Order Book Mining adds extra value to this routine activity, allowing users to easily earn rewards simply by placing orders.
Similar to the Trading Mining initiative launched in March this year, Order Book Mining aims to enhance user trading experiences, create more earning opportunities, and improve trading liquidity. However, compared to Trading Mining, Order Book Mining introduces a more innovative mechanism and has a lower barrier to participation. During the campaign, Huobi HTX takes random snapshots every minute of open orders in the BTC/USDT spot trading pair, then calculates and accumulates rewards separately for valid buy and sell orders based on these snapshots. A user’s limit order qualifies for rewards by meeting just two conditions:
1. At the time of snapshot, the order price × order quantity ≥ 100 USDT;
2. The order price must not differ from the latest traded price (closing price) at the time of snapshot by more than 0.5%.
Huobi HTX launched its first round of Order Book Mining on June 26, receiving strong feedback from users. From July 10 to July 17, the second round was officially launched with even higher rewards. Now, not only do valid orders share a base reward pool of 27.2 billion $HTX, but users with orders within 0.1% of the best bid and ask prices at snapshot times will also split an additional 5 billion $HTX bonus pool. The higher a user’s order value, the greater their mining rewards—effectively increasing profit opportunities while reducing both trading and risk costs.
Boosting Liquidity and Injecting New Vitality into the Market
Beyond generating user earnings, Huobi HTX’s Order Book Mining has also contributed to improving market liquidity. According to data from CoinMarketCap, after the launch of the first round, Huobi HTX’s BTC/USDT trading pair liquidity score showed a sustained upward trend, peaking at 735 on the day of launch. Moreover, official data shows that during the first campaign, the highest single-user reward reached approximately 9,300 USDT worth of $HTX.
In the current context of persistently low market liquidity, Huobi HTX is injecting new vitality through initiatives like Order Book Mining—demonstrating the responsibility of a globally leading cryptocurrency exchange. It is reported that Huobi HTX will continue optimizing and upgrading Order Book Mining, aiming to establish it as a flagship product comparable to Trading Mining, with the two campaigns alternating to continuously provide users with enriched trading experiences.
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