HTX Introduces Multi-Asset Collateral Mode for USDT Futures Trading

On May 20, the cryptocurrency exchange HTX announced the introduction of a multi-asset collateral mode for USDT futures. According to a press release, this feature is accessible to all users of the platform.

This new mode allows traders to utilize Bitcoin (BTC) and Ethereum (ETH) as collateral when trading USDT futures without the need to convert their cryptocurrencies into stablecoins beforehand.

At the time of the feature’s launch, the exchange supports three assets: USDT, BTC, and ETH. In the future, the platform intends to broaden the list of available coins based on market conditions.

The primary benefit of this innovation at HTX is said to be enhanced capital efficiency. This is particularly relevant for long-term holders of Bitcoin and Ethereum, as they can leverage their assets for futures trading without having to sell them.

«HTX moves away from the traditional requirement to post collateral solely in USDT, providing traders with greater flexibility,» the press release states.

Previously, HTX Research explained the Bitcoin rally as a result of declining inflation in the U.S. and increasing institutional investments.