KuCoin Adds Nike, Accenture And Shipping ETF Perpetuals With 20x Leverage

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure TL;DR KuCoin Futures has launched stock-index perpetual contracts tracking Nike, Accenture and the Breakwave Tanker Shipping ETF. The contracts are settled in USDT, trade continuously and support leverage of up to 20x. They are synthetic derivatives and do not give traders ownership of the underlying shares or ETF units. KuCoin is extending its crypto-style perpetual futures market further into traditional equities. The exchange has launched USDT-margined contracts tracking Nike, Accenture and the Breakwave Tanker Shipping ETF, with leverage available from 1x to 20x. The products use the same broad structure crypto traders already know from perpetual futures, but the reference assets come from conventional securities markets. The Contracts Track Prices, Not Ownership Rights KuCoin is explicit that these are synthetic derivatives. A trader buying NKEUSDT is taking exposure to the price movement of Nike shares. They do not become a Nike shareholder, receive voting rights or take delivery of stock. The same applies to the Accenture and BWET contracts. Funding is settled every eight hour...