The person in charge of the Huobi HTX contract has analyzed in detail what Huobi’s contracts have ac

2025年合约赛道进入贴身肉搏阶段，永续合约成交量在震荡行情中反而屡创新高，交易所拼的不再只是杠杆倍数，而是风控与体验。火币HTX合约在这一年实现用户数翻倍，背后正是稳健风控与高频迭代的结果。随着2026年临近，市场目光开始聚焦火币的下一步动作，尤其是热议中的“跟单4.0”将如何重塑散户参与方式。在最新一期火币高管面对面中，合约负责人YOYO首次系统复盘过去一年的关键进展，并勾勒出面向2026的清晰合约业务路线图。

跟单4.0：一次体系级产品重构

跟单4.0，这款历经三年打磨(2023年启动，2024年迭代，2025年12月爆发)的产品，被视为火币HTX合约业务人性化转型的标杆。

YOYO将这次的升级概括为三个关键词：更人性化、更透明、更安全。

在产品结构上，跟单系统首次与合约交易页面实现深度融合，实现“一次开发，双端覆盖”。这意味着，未来所有合约新功能都可以无缝同步至跟单体系，大幅提升产品演进效率。

在用户体验上，跟单4.0引入了智能跟单模式。用户无需复杂参数配置，即可完成风险相对合理的跟随操作，大幅降低了新手使用门槛。同时，支持用户在跟单者和带单者身份间自由切换。

In terms of risk control logic, when users follow different traders, separate funds are used to avoid mixing different positions together. At the same time, users who follow trading strategies can fully replicate the leverage settings of those traders, thereby achieving synchronized risk management. Additionally, order processing has been transformed into a more straightforward and clear position-based system.

In YOYO’s view, Version 4.0 of this system represents a significant step forward, but it is not the end goal. In the future, Huobi HTX will continue to evolve within its ecosystem. On one hand, we will strengthen the integration of high-quality traders and AI-based strategies. On the other hand, we will continue to improve our risk control mechanisms, enabling trading processes to become safer, more intelligent, and more sustainable over time.

Annual review: What did Huobi HTX do well in 2025?

Looking back on the past year, YOYO describes the development of Huobi HTX’s contract business as a process of “accumulated growth.” She revealed that the number of users using Huobi HTX contracts increased by 2-3 times in 2025.

In YOYO’s opinion, this growth does not stem from short-term market opportunities, but rather from users’ long-term trust in the platform. This trust is based on two core strengths that Huobi HTX has continuously strengthened over the years: its brand reputation and service capabilities. These strengths are now becoming the foundation for the sustainable competitiveness of Huobi HTX’s contract business.

● Safety and Risk Control: The underlying foundation of long-term trust

The first aspect refers to the risk control and safety systems. For users who engage in contract trading, safety is always the most critical factor in decision-making.

YOYO指出，火币HTX 12年来持续沉淀并完善风控体系，已形成覆盖用户资金隔离、系统稳定性以及极端行情风险应对的完整防线。无论是近期的10·11行业波动，还是年初与年中多次剧烈行情冲击，火币HTX合约侧均未发生重大系统性风险事件。这种在多次真实压力测试下依然保持稳定运行，这种“经得起考验”的表现，成为用户信任得以长期积累的重要基础。

● 流动性建设：合约业务的关键进展

在流动性方面，YOYO透露，自今年4月起，火币HTX在主流币及部分次主流币上的流动性深度实现了显著提升，整体水平基本翻倍，这在2025年成为合约业务的重要进展之一。

她也坦言，在部分长尾资产及热点资产上的流动性仍有提升空间。未来，团队将在夯实K2与次主流资产基础的同时，通过更多元化的解决方案，持续推进全资产流动性优化。这一能力，也将被火币HTX打造成合约业务最核心、最长期的竞争壁垒之一。

● 交易速率与系统能力：面向高频与量化用户

对于高频与量化交易用户而言，交易速率与系统能力尤为关键。YOYO介绍，2025年5月，火币HTX上线联合保证金系统，不仅支持BTC、ETH等跨币种对冲策略，也将API交易速率提升近4倍。

Currently, a significant portion of the platform’s high-frequency quantitative trading operations have been migrated to this system. At the same time, the underlying matching system is continuing to be improved. It is expected that a new matching engine will be launched in the first quarter of 2026, further enhancing the smoothness and stability of contract transactions.

● Financial product matrix: improving capital efficiency and user retention

As the basic trading capabilities continue to improve, the development of the Huobi HTX financial product matrix has become an important factor in retaining users over the long term.

Since its launch in December 2024, the Huobi HTX contracts have focused on improving the efficiency of capital utilization. Yubiebao features a low threshold, allowing users to deposit and withdraw funds at any time. Users can earn annual returns simply by depositing funds into their Yubiebao accounts. YOYO revealed that Yubiebao will undergo a new round of updates in 2026. With the same usage threshold, the annual return rate is expected to increase by 2–3 times.

Meanwhile, Huobi HTX is also continuously upgrading its grid trading and follow-up systems. The grid system will be upgraded by 2025, with version 4.0 of the follow-up system launching at the end of the year.

In 2026, the team will further invest in AI-based trading tools, including integrating AI trading assistants with various strategies. The goal is to make proven, mature strategies available to users at a lower cost, thereby helping them achieve long-term, sustainable growth in their earnings.

YOYO stated that, throughout the growth of their business, the Huobi HTX contract team has always prioritized direct communication with users. They listen to users’ opinions through various channels, and use these feedbacks as the core motivation for improving and updating products. This kind of positive interaction not only earned the trust of users but also laid a solid foundation for the development of the business. At the same time, the entire team maintains a sincere and honest attitude towards serving every user. Coupled with the generous resources allocated by the company for contract-related activities, it is clear that the team’s response time from “receiving user feedback” to “implementing product updates” is becoming increasingly faster.

The next stage of capacity building for contract transactions

By 2026, Huobi HTX contracts still have a clear and focused strategic direction—focusing on product improvement, optimizing liquidity structures, enhancing users’ efficiency in using funds, and deepening risk management systems. On this basis, an important change is being considered: giving users more control over risk management.

在YOYO看来，平台的责任不仅是为用户提供稳健的系统与安全兜底，更应通过产品与机制设计，为用户提供足够成熟、清晰且可操作的风险管理工具，让用户能够在充分理解风险的前提下，主动参与到自身交易风险的管理之中。这也意味着，在既有系统安全与风控框架之上，HTX合约将帮助用户建立更加透明、可控的风险管理路径，使风险控制不再是被动结果，而成为交易决策的一部分。

显然，火币HTX合约的布局并未止步于规模扩张，而是进一步指向更成熟的交易基础设施与更清晰的风险管理范式。

从体系级产品重构到风控理念升级，火币HTX合约正在尝试回答一个更长期的问题：在高波动的加密市场中，如何让更多用户以更可控、更理性的方式参与合约交易，并实现长期价值——这，或许正是其下一阶段竞争力的真正所在。

关于火币HTX

火币HTX成立于2013年，经过12年的发展，已从加密货币交易所成为一个全面的区块链业务生态系统，涵盖数字资产交易、金融衍生品、研究、投资、孵化和其他业务。

火币HTX作为全球领先的Web3门户，秉承全球扩张、生态繁荣、财富效应、安全合规的发展战略，为世界虚拟货币爱好者提供全面、安全、可靠的价值与服务。