KuCoin Futures Launches USDT Perpetual Futures Contract

KuCoin Futures, the Bitcoin futures platform developed by KuCoin, today announced that USDT Perpetual Futures Contract will be officially available on the exchange at around 18:00 on March 30, 2020 (UTC+8) and deposit of USDT has already been enabled.

Unlike the Bitcoin (BTC) Perpetual Futures Contract on KuCoin Futures, all profits, losses and account balances will be denominated in USDT. To better manage trading risks, the BTC/USDT Spot Index used by KuCoin Futures is the volume-weighted average price of BTC/USDT across six exchanges including Binance, OKEx, Huobi and KuCoin. Also, the trading volume weight will be adjusted on a quarterly basis.

Johnny Lyu, CEO at KuCoin Global, said, "By introducing the world’s first Lite Version of Bitcoin futures platform, supporting 10+ languages and now the launch of USDT Futures Contract, KuCoin Futures is committed to building a simple, reliable and transparent futures platform. The USDT Perpetual Futures Contract will make it clearer and easier for new futures traders to make investment decisions using USDT, and mitigate the volatility brought by non-pegged tokens.”

Along with the launch of the USDT Perpetual Futures Contract, KuCoin Futures is launching a series of giveaway activities to reward users. Traders will be able to share up to 400,000 USDT by trying out the USDT Perpetual Futures Contract. More rewards will be given away based on trading volume.

Officially launched on July 8, 2019, the KuCoin Futures platform was developed by the KuCoin team. KuCoin Futures is the only crypto futures platform that enables Level 3 Data, allowing traders to check every single trade on the exchange, effectively avoiding unusual liquidation caused by market manipulation. KuCoin Futures offers up to 100x leverage and currently supports 13 languages ​​including English, Chinese, Russian, Vietnamese, Turkish, etc.