BlockBeats News, May 21st. According to the official announcement, Huobi officially launched the 1U Long Position function on May 20th. Starting from now until May 31st 23:59 (UTC+8), a triple exclusive event will also take place simultaneously. Users who complete the first one-click opening position and leverage trading tasks will share a prize pool of over 40,000 USDT.

The 1U Long Position is a minimalist opening experience designed by Huobi HTX for new leverage users. With just 1 USDT as principal, users can control a 10 USDT position, enjoy interest-free borrowing, have their initial losses fully compensated by Huobi HTX, and participate without any leverage experience.