KuCoin Futures Lists a Perpetual Contract Tracking a Fund That Is Already 2x Leveraged on MicroStrategy

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• KuCoin Futures listed five new USDT-margined synthetic perpetual contracts on October 21, 2026, all launching at 9:00 UTC with leverage up to 20x
• One contract, MSTUUSDT, tracks an ETF that is already leveraged two times long on MicroStrategy, meaning KuCoin’s own contract leverage stacks on top of that existing leverage
• The other four contracts track a uranium miners ETF, Goldman Sachs stock, Forward Industries stock, and StablecoinX Inc stock

KuCoin Futures expanded its lineup of stock-tracking synthetic derivatives on October 21, 2026 with five new USDT-margined perpetual contracts, all launching simultaneously at 9:00 UTC and offering leverage ranging up to 20 times. The listing continues KuCoin’s pattern of regularly adding new equity and ETF-linked exposures to its derivatives platform.

The five underlying assets are URNMUSDT, tracking the Sprott Uranium Miners ETF on NYSE Arca; GSUSDT, tracking Goldman Sachs stock on the NYSE; MSTUUSDT, tracking the T-Rex 2X Long MSTR Daily Target ETF on Cboe BZX; FWDIUSDT, tracking Forward Industries Inc on Nasdaq; and USDEXUSDT, tracking StablecoinX Inc Class A shares on Nasdaq. The inclusion of MSTU is particularly notable because that underlying ETF already applies two times daily leverage to MicroStrategy’s stock price before any additional leverage from KuCoin’s own perpetual contract gets layered on top, meaning a trader using the contract’s maximum leverage would be compounding leverage on an instrument that is itself already a leveraged product.

As with KuCoin’s other stock-linked perpetual offerings, all five contracts are explicitly synthetic, tracking the price movement of their underlying stocks and funds without conferring any ownership stake, dividend rights, or shareholder voting power tied to the real securities. KuCoin’s own announcement stated plainly that the contracts do not give ownership of any stock and that no shares are delivered under any circumstance, language the exchange uses consistently across its synthetic equity derivative listings to make the distinction clear to traders.

Settlement for all five contracts happens entirely in USDT, keeping the products within KuCoin’s crypto-native trading infrastructure rather than requiring any interaction with traditional brokerage or clearing systems tied to the underlying equities. Because the perpetual contracts trade 24 hours a day, seven days a week, while the underlying stocks and ETFs they track only trade during standard US market hours, the listing gives crypto traders a way to take positions on names like Goldman Sachs or a uranium mining fund at any time, including nights, weekends, and holidays when the actual securities markets are closed.

StablecoinX Inc, the underlying name for the newly listed USDEXUSDT contract, is itself a company whose business is tied to stablecoin infrastructure, making it a somewhat unusual choice among the five names in that it connects back to the broader crypto industry rather than representing a purely traditional equity or commodity-linked fund. The announcement, published on KuCoin’s official notice board, cautioned that KuCoin may adjust tick size, maximum leverage, and maintenance margin requirements for any of the contracts depending on prevailing market risk conditions.