HTX Introduces Multi-Asset Collateral Mode for USDT Futures

On May 20, the cryptocurrency exchange HTX announced the launch of a multi-asset collateral mode for USDT futures. This feature is available to all platform users, according to a press release.

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

At the time of the feature’s launch, the exchange supports three assets (USDT, BTC, and ETH). The platform plans to expand the list of available coins in response to market conditions.

The main advantage of this innovation at HTX is said to be the increased efficiency in capital use. This is particularly relevant for long-term holders of Bitcoin and Ethereum, who can now use their assets for futures trading without needing to sell them.

“HTX is moving away from the traditional requirement of placing margin exclusively in USDT and offers traders greater flexibility,” the press release states.

Earlier, HTX Research attributed the Bitcoin rally to a decrease in US inflation and a rise in institutional investments.