KuCoin Adds Nike, Accenture And Shipping ETF Perpetuals With 20x Leverage
- Published
- Also mentions
- USDT
KuCoin Futures has added USDT-settled perpetual contracts tied to Nike, Accenture and the Breakwave Tanker Shipping ETF. The contracts trade continuously and allow leverage up to 20x, while remaining synthetic instruments that do not transfer ownership of the underlying shares or ETF units.
Key claims & sources
What it means
Traders using KuCoin Futures will notice three new perpetual products tied to Nike, Accenture and the Breakwave Tanker Shipping ETF. The contracts are tradable around the clock and are settled in USDT, so the interface is different from owning the shares or ETF units themselves.
In practice, the addition changes what can be traded on the platform without changing who owns the underlying assets. The contracts reference prices for the named stock or ETF and remain synthetic, while the ownership of shares or ETF units does not move to the trader.
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