KuCoin expanded its derivatives lineup with the launch of two equity-linked perpetual futures contracts, TSLAUSDT and MSTRUSDT, giving crypto traders round-the-clock exposure to Tesla and Strategy Inc. The new listings extend KuCoin’s push into cross-asset products by bringing stock-linked instruments into its existing crypto trading environment.
The contracts are settled in USDT, allow leverage of up to 10x, and support entries starting from just 1 USDT. That structure lowers the barrier to entry for smaller traders while preserving the leveraged mechanics that make perpetuals attractive to more active market participants.
How KuCoin Is Structuring 24/7 Equity Exposure
KuCoin is presenting these contracts as synthetic exposure rather than direct ownership of the underlying shares. The exchange is not offering Tesla or Strategy stock itself, but a derivatives product designed to track their price behavior inside a continuous crypto market.
To manage the gap between nonstop crypto trading and fixed equity market hours, KuCoin built the products around three pricing controls: institutional-grade reference pricing, session-aware mark pricing, and EMA-based transition smoothing. Those mechanisms are intended to reduce price dislocations and soften abrupt jumps that can occur when traditional equity markets open or close.
The emphasis on session-aware mark pricing and EMA smoothing reflects a practical trade-off in product design. KuCoin is trying to preserve continuous trading while limiting sudden P&L shocks caused purely by equity-session transitions rather than by actual directional market moves.
A Broader Push Into Cross-Asset Derivatives
KuCoin framed the launch as part of a wider effort to connect traditional finance exposure with crypto-native trading infrastructure. The exchange is using these listings to position itself as a venue where users can move across asset classes without leaving a perpetuals-based environment.
The company also paired the rollout with adoption incentives, including zero fees for new futures accounts and targeted airdrops. That commercial push suggests KuCoin is not treating the contracts as a niche experiment, but as a product line it wants to scale quickly.
For traders, the appeal is clear: continuous access, low nominal entry size, and USDT settlement create a more flexible way to trade equity-linked moves outside stock-market hours. At the same time, the products still carry model and counterparty risk because their performance depends on the reliability of reference pricing and the effectiveness of smoothing during stressed conditions.
KuCoin said it plans to keep refining its pricing models, risk controls, and liquidity mechanisms as live trading reveals edge cases. That means the long-term success of TSLAUSDT and MSTRUSDT will depend not only on demand, but on how well KuCoin manages mark-price behavior, liquidation thresholds, and tracking quality in real market conditions.
