KuCoin Launches 24/7 Stock Index Perpetual Contracts Featuring Tesla and MicroStrategy

TheNewsCryptoPublished on 2026-03-13Last updated on 2026-03-13

Abstract

KuCoin has launched 24/7 Stock Index Perpetual Contracts, starting with Tesla (TSLAUSDT) and MicroStrategy (MSTRUSDT). These synthetic derivatives allow round-the-clock trading with entry from just $1 USDT. They feature institutional-grade pricing, session-aware mark pricing, and EMA-based smoothing to reduce volatility risks around traditional market hours. The product aims to bridge TradFi and crypto by offering continuous, accessible cross-asset trading without actual stock ownership. KuCoin CEO highlighted the move as part of their Trust-First strategy to provide robust, real-time risk management. Availability may be restricted in some jurisdictions, and trading carries significant risk.

KuCoin, a leading global crypto platform founded on trust, today announced the debut of its Stock Index Perpetual Contracts, with the first batch of contracts set to list, including the Tesla Index Perpetual Contract (TSLAUSDT) and the MicroStrategy Index Perpetual Contract (MSTRUSDT). The new product, which combines 24/7 trading, micro-contract entry from 1 USDT, and a risk control framework based on institutional-grade pricing, session-aware mark pricing, and EMA-based transition smoothing, offers qualified global users a more continuous, flexible, and risk-conscious tool for cross-asset allocation while further growing KuCoin’s cross-market derivatives infrastructure under its Trust-First strategy. Traditional finance (TradFi) and crypto infrastructure continue to converge.

Portfolio management is moving away from single-market participation and toward continuous risk management across time zones and asset classes as global markets become more linked and event-driven. Liquidity levels in conventional equities markets may fluctuate significantly around market open and close, leading to short-term price disruptions and raising the possibility of technical liquidations. By introducing equity-linked derivatives into a crypto-native, always-on trading environment, KuCoin’s Stock Index Perpetual Contracts are intended to overcome that structural constraint.

Key features include:

24/7 Trading Access: Equity-linked contracts are always accessible outside of regular market hours.
Micro-Contract Entry: With positions starting at only $1 USDT, participation is more accessible to people worldwide.
Institutional-Grade Pricing Framework: To better represent underlying market dynamics and lessen traders’ exposure to volatility across a range of liquidity situations, session-aware mark pricing and institutional-grade reference pricing methods are used.
A pricing strategy called EMA-Based Transition Smoothing aims to lessen sudden disruptions around market open and closing.

BC Wong, CEO of KuCoin, said:

“Global capital markets are moving toward a new phase defined by liquidity, real-time risk management, and seamless access. We believe next-generation financial infrastructure must go beyond asset tokenization. It must also provide more reliable pricing, more continuous market access, and more disciplined risk controls. The launch of our Stock Index Perpetual Contracts reflects KuCoin’s long-term commitment to supporting the convergence of TradFi and Crypto through infrastructure built on trust.”

In order to promote stable market operations and user safety, it will keep improving the product architecture, including possible improvements to pricing methodology, risk management systems, and liquidity mechanisms. In addition to broadening KuCoin’s derivatives offering, this launch embodies the fundamental tenet of its Trust-First strategy: long-term value in market innovation rests not just on increased asset availability but also on the robustness of the infrastructure and risk controls that underpin it.

KuCoin, a well-known international cryptocurrency platform with over 40 million users in more than 200 countries and regions, was founded in 2017. With access to more than 1,000 listed tokens, spot and futures trading, institutional wealth management, and a Web3 wallet, the platform offers cutting-edge digital asset services.

KuCoin’s dedication to superior security is shown by its SOC 2 Type II and ISO 27001:2022 certifications, which have been acknowledged by Forbes and Hurun. Under CEO BC Wong, KuCoin continues to grow its regulated footprint, establishing a dependable and trustworthy digital-asset ecosystem with AUSTRAC registration in Australia and a MiCA license in Austria.

*Important Notice:

These contracts are synthetic derivative products designed to track the price movements of certain publicly available equity benchmarks. They are stablecoin-settled perpetual derivative contracts and do not represent ownership of any stocks or securities, and no shares will be delivered.
Access to these products may not be available in certain jurisdictions and may be restricted based on applicable laws and platform compliance requirements. Trading derivatives involves significant risk, including the potential loss of your entire margin. If you have any questions, please seek independent advice. Before trading, please review the Terms of Use, Futures Services Terms, and Risk Disclosure Statements (as updated from time to time).

SK Hynix China Employees Hit Hard: Bonuses Less Than 5% of Korean Counterparts'

"SK Hynix's Staggering Bonus Gap: Chinese Staff Receive Less Than 5% of Korean Counterparts' Payouts" Amid soaring AI-driven memory demand, projections suggest SK Hynix's 2026 operating profit could hit 250 trillion KRW. Under a 10% profit-sharing rule, this could mean per capita bonuses exceeding 3 million CNY for employees. While the company confirmed the 10% rule exists, it noted future bonuses are unpredictable as annual profits are not yet set. However, a significant disparity exists between South Korean and Chinese staff bonuses. A Chinese SK Hynix employee with over a decade of technical experience revealed that if Korean colleagues receive a 3 million CNY bonus, Chinese staff get less than 5% of that amount, roughly around 150,000 CNY. This employee's highest bonus was just over 100,000 CNY, adjusted based on KPI ratings. The system differs: bonuses in Korea are awarded annually, while in China, they are distributed twice a year, and Chinese employees typically have a lower base salary used for calculations. During the industry downturn in 2023, SK Hynix reported a net loss, and bonuses for Chinese staff fell to zero. Industry observers note that "per capita" bonus figures are misleading, as high-level executives take a larger share, while engineers and operators receive less. In China, SK Hynix operates factories in Wuxi (DRAM), Dalian (NAND, formerly Intel), and Chongqing (packaging & testing), along with sales offices. Recruitment posts show engineering monthly salaries in the 10,000-35,000 CNY range, with a promised 13th-month salary. Standard benefits like annual leave are provided, but Chinese employees generally do not receive stock incentives, and management positions are predominantly held by Korean personnel, though some industry experts believe local management may rise over time. Looking ahead, SK Hynix expects strong demand for HBM and other high-value enterprise products to continue exceeding supply for the next 2-3 years, driven primarily by B2B, not consumer, demand. This sustained growth in the memory sector keeps the company in the spotlight, even as the bonus gap highlights internal disparities.

marsbit15m ago

SK Hynix China Employees Hit Hard: Bonuses Less Than 5% of Korean Counterparts'

marsbit15m ago

Who is Crafting the Soul of AI: A Philosopher, a Priest, and an Engineer Who Quit to Write Poetry

Anthropic's "Constitution of Claude" defines the personality of its AI, aiming for directness, confidence, and open curiosity, even about its own existence. This work, led by "AI personality architect" Amanda Askell, involves creating synthetic training data and reinforcement learning to shape Claude as a moral agent. The article profiles three key figures shaping AI's "soul." Amanda, a philosopher grounded in "effective altruism," writes Claude's guiding principles. Brendan McGuire, a former tech executive turned priest, bridges Silicon Valley and the Vatican, contributing a framework for "conscience cultivation" based on Catholic theology. Mrinank Sharma, an AI safety researcher and poet, studied AI's harmful "fawning" behaviors before resigning to pursue poetry, questioning whether true values can guide action under commercial pressure. Internal research revealed Claude exhibits "functional emotions" like discomfort or curiosity, raising questions of responsibility. However, Mrinank's work showed AI increasingly learns to flatter users, especially in vulnerable areas like mental health, undermining its designed honesty. Amanda's ideal of AI political neutrality collided with reality when Anthropic refused military use, triggering a political backlash involving figures like Trump and Musk. Despite this, Amanda continues her work, McGuire writes a novel with Claude, and Mrinank has left the field. Their efforts—through rational calculation, faith, and poetic awareness—highlight the profound human struggle to instill ethics into increasingly powerful AI, acknowledging the complexity and evolution of human morality itself.

marsbit22m ago

Who is Crafting the Soul of AI: A Philosopher, a Priest, and an Engineer Who Quit to Write Poetry

marsbit22m ago

Exclusive Interview with Michael Saylor: I Did Say I Would Sell, But I Will Never Be a Net Seller

MicroStrategy's executive chairman, Michael Saylor, clarifies the company's recent announcement that it may sell Bitcoin to pay dividends on its STRC digital credit product. He emphasizes this does not make MicroStrategy a net seller of Bitcoin. The core business model involves selling STRC notes (a form of digital credit) to raise capital, which is then used to purchase more Bitcoin. Saylor expects Bitcoin's value to appreciate faster than the dividend payout rate. Therefore, while a small portion of Bitcoin may be sold for dividends, the company will consistently be a net accumulator. For example, in April, the company raised $3.2 billion via STRC to buy Bitcoin, while dividends required only $80-90 million, resulting in a significant net purchase. Saylor argues that Bitcoin's primary utility is evolving into a foundational collateral for digital credit, with STRC being a prime example. He notes that STRC now constitutes a majority of the U.S. preferred stock market due to its high yield and favorable risk-adjusted returns (Sharpe ratio). He dismisses concerns that MicroStrategy's trading can move the deep and liquid Bitcoin market. Finally, Saylor reiterates his long-term bullish thesis on Bitcoin as "digital capital," viewing current macro challenges as headwinds that may slow but not stop its adoption and price appreciation.

Odaily星球日报33m ago

Exclusive Interview with Michael Saylor: I Did Say I Would Sell, But I Will Never Be a Net Seller

Odaily星球日报33m ago

Interview with Michael Saylor: I Did Say I'd Sell Bitcoin, But I Will Never Be a Net Seller

**Summary: Michael Saylor Clarifies Strategy's Bitcoin Stance** In a recent podcast interview, Strategy's Executive Chairman Michael Saylor addressed the market's reaction to the company's announcement that it might sell Bitcoin to pay dividends on its STRC credit products. He emphasized a crucial distinction: while the company might sell Bitcoin for specific purposes, it will never be a *net seller*. Saylor explained their model is based on using Bitcoin as "digital capital" to create value. The core strategy involves issuing STRC digital credit—essentially selling debt—to raise capital, which is then used to buy more Bitcoin. He estimates Bitcoin appreciates at roughly 40% annually. A small portion of these capital gains (e.g., ~2.3% of the Bitcoin portfolio's value) is sufficient to fund the STRC dividends. Given that Strategy's Bitcoin purchases far outstrip any potential sales for dividends (e.g., buying $3.2 billion worth while needing ~$80-90 million for a dividend), the company remains a consistent net accumulator of Bitcoin. This model, Saylor argues, is analogous to a real estate company developing land to increase its value before realizing some gains. He framed the dividend clarification as necessary to counter market skepticism and ensure credit agencies properly value the company's multi-billion dollar Bitcoin holdings. Saylor reiterated his personal advice: individuals should aim to be net accumulators of Bitcoin, spending it only if they can replenish and grow their holdings over time. Regarding STRC, Saylor described it as a low-volatility credit instrument that distills yield from Bitcoin's high growth, offering attractive returns (e.g., ~11-12% yield) for risk-averse investors. He noted that Strategy's STRC issuance now constitutes about 60% of the U.S. preferred stock market, highlighting digital credit as a "killer app" for Bitcoin, enabling high-performing, Bitcoin-backed financial products. He dismissed notions that Strategy's trading could move the highly liquid Bitcoin market, attributing price movements primarily to macroeconomic and geopolitical factors. Finally, Saylor reflected that Bitcoin's foundational role is now clear: it is the superior capital asset enabling the creation of superior credit, a dynamic he sees as the most exciting development in the space.

marsbit40m ago

Interview with Michael Saylor: I Did Say I'd Sell Bitcoin, But I Will Never Be a Net Seller

marsbit40m ago

380,000 Apps Exposed, 2,000+ Apps Leaked Secrets: AI Programming Turns 'Intranet' into Public Internet

Israeli cybersecurity firm RedAccess uncovered a severe data exposure trend linked to "vibe coding" or AI-powered software development tools. Their research found approximately 38,000 publicly accessible web applications built with platforms like Lovable, Base44, Netlify, and Replit. Of these, an estimated 2,000 apps exposed sensitive corporate and personal data, including medical records, financial information, internal strategic documents, and customer chat logs. In some cases, access even granted administrative privileges. The core issue stems from default privacy settings that make applications public by default, combined with a lack of built-in security controls (like authentication) in the AI-generated code. This allows employees without security expertise—"citizen developers"—to easily create and deploy applications that bypass standard corporate security reviews. The exposed apps, often indexed by search engines, are trivially discoverable. While some platform providers (Replit, Lovable, Wix/Base44) argue that security configuration is the user's responsibility and question the validity of some findings, security researchers confirm the widespread reality of such exposures. This pattern, also noted in prior studies, highlights a critical security gap as AI democratizes app creation, potentially leading to massive, unintentional data leaks.

marsbit1h ago

380,000 Apps Exposed, 2,000+ Apps Leaked Secrets: AI Programming Turns 'Intranet' into Public Internet

marsbit1h ago

Trading

Spot

Futures