HTX Launches $13,000 Giveaway in Second Phase of ‘Borrow and Earn’ Campaign

The cryptocurrency exchange HTX has initiated the second phase of its ‘Borrow and Earn’ campaign, celebrating the launch of flexible loans in Bitcoin (BTC), Ethereum (ETH), and Tether (USDT). The platform will distribute 5.4 billion HTX (~$13,000) as part of this initiative, according to a blog post by the company.

To participate, users must borrow USDT by 17:59 Kyiv/18:59 Moscow on December 18. HTX will allocate rewards based on the share of users’ total interest expenses on the product.

“As promised, we have doubled the prize pool for ‘Borrow and Earn’ from 2.7 to 5.4 billion HTX. If the borrowing volume for flexible crypto loans in this phase reaches 50 million USDT, the prize pool for the next phase will double to 10.8 billion HTX,” representatives of the trading platform commented.

HTX launched flexible crypto loans in early December. Interest rates are adjusted in real-time according to market conditions, with zero percent fees.

“Thanks to ultra-low interest rates, flexible terms, and excellent UX, flexible loans have quickly expanded their user base. In 10 days, the borrowing volume exceeded 30 million USDT. Meanwhile, the total borrowing volume on HTX increased fivefold, and the number of borrowers tripled,” the platform team noted.

HTX is a cryptocurrency exchange supporting spot, futures, and P2P trading, founded in 2013.

In October 2024, HTX blocked seven attempts to withdraw to fraudulent addresses, saving clients 12,689 USDT.