KuCoin Futures Lets Traders Short Moderna and SoFi With New Synthetic Perpetuals

MakeCryippreferred on

• KuCoin Futures listed five new USDT-margined synthetic perpetual contracts on October 12, 2026, tracking AppLovin stock, a Treasury bond index, a leveraged SK Hynix ETF, Moderna stock and SoFi Technologies stock
• The contracts, APPUSDT, TMFUSDT, SKUUUSDT, MRNAUSDT and SOFIUSDT, launched at 9:00 UTC and offer leverage of up to 20x
• KuCoin explicitly stated the products are “synthetic derivatives” and that no actual shares of the underlying stocks or funds will ever be delivered to traders

KuCoin Futures expanded its lineup of stock-linked derivatives on October 12, 2026 with the launch of five new USDT-margined perpetual contracts tied to a mix of individual equities, a leveraged exchange-traded fund and a bond index fund. The listing, titled “KuCoin Futures Will List Multiple Stock Index Perpetual Contracts,” went live at 9:00 UTC and offered traders leverage of between 1x and 20x on each new pair.

The five contracts cover distinct underlying assets: APPUSDT tracks AppLovin Corporation’s Class A common stock, TMFUSDT tracks the ICE U.S. Treasury 20+ Year Bond Index, SKUUUSDT tracks the GraniteShares 2x Long SK Hynix Daily ETF listed on Nasdaq under the ticker SKUU, MRNAUSDT tracks Moderna Inc. common stock, and SOFIUSDT tracks SoFi Technologies Inc. common stock. The inclusion of SKUU, itself already a leveraged fund before any additional leverage from KuCoin’s contract is applied, means traders using maximum leverage on SKUUUSDT are effectively layering leverage on top of an already-leveraged instrument.

KuCoin was explicit in its announcement that these are “synthetic derivative” products, stating plainly that “no shares will be delivered” to traders regardless of how a position performs. This framing distinguishes the contracts from traditional equity derivatives offered by regulated brokerages, where certain contract types can ultimately settle into physical share ownership; KuCoin’s versions settle purely in USDT, with their prices designed to track the reference assets without any claim on the underlying securities themselves.

The move continues a pattern of major crypto exchanges building out stock-tracking perpetual products as a way to offer round-the-clock trading access to assets that normally only trade during limited market hours on traditional exchanges. Because KuCoin’s contracts trade continuously rather than following Nasdaq or NYSE Arca’s trading sessions, they let users take positions on companies like Moderna and SoFi, or on the direction of long-dated Treasury bonds through the TMFUSDT contract, at any hour of the day, including weekends and holidays when the underlying securities markets are closed entirely.

The announcement, posted to KuCoin’s official notice board, arrived the same day KuCoin also promoted a separate VIP incentive program and roughly 24 hours after its sister listing of five TradFi-linked contracts from rival exchange Binance, underscoring how quickly major platforms are converging on similar synthetic stock-derivative offerings as a way to capture trading volume from users who want equity exposure without leaving crypto-native trading venues.