KuCoin launches perpetual futures tracking Tesla and Strategy stocks

The USDt-settled contracts allow traders to speculate on the price movements of the two companies’ shares around the clock without owning the underlying stocks.

Crypto exchange KuCoin has launched equity-linked perpetual derivatives tied to stocks, including Tesla and Strategy, allowing traders to speculate on their price movements through USDt-settled contracts that trade around the clock.

According to Friday’s announcement, the first listings include TSLAUSDT and MSTRUSDT perpetual contracts, which track price movements in the underlying equities but do not grant ownership of the shares. Instead, the products are synthetic derivatives settled in stablecoins.

The contracts have no expiration date and can be traded continuously. Positions can be opened with as little as 1 USDt (USDT), lowering the entry threshold for traders seeking exposure to equity-linked price movements through a crypto trading platform.

According to KuCoin, the product uses a pricing framework designed to track underlying equity benchmarks while accounting for differences between traditional stock market hours and the continuous trading environment of crypto derivatives markets.

Access to the contracts may be restricted in some jurisdictions depending on local regulations, the company said.

Founded in 2017, KuCoin says its platform serves more than 40 million users across more than 200 countries and lists over 1,000 digital tokens for trading. The exchange ranks eighth by spot trading volume, according to CoinMarketCap data.

MicroStrategy, which rebranded to Strategy in February 2025, is currently the largest corporate Bitcoin holder, with 738,731 BTC on its balance sheet. Tesla ranks as the 12th-largest public holder, with 11,509 BTC.