Introduction to Toobit Stock Futures

Dear Toobit user,

To expand market access and meet diverse trading needs, Toobit has launched Stock Futures, a derivatives product that enables crypto-native access to U.S. equities.

Stock Futures allow users to gain exposure to major US stocks through USDT-settled perpetual contracts—without opening a traditional brokerage account or converting fiat currencies. This product is designed to offer a more flexible and accessible way to participate in global equity market movements.

Below is a comprehensive overview to help you understand how Stock Futures work and how to trade them responsibly.

1. What are Stock Futures?

Stock Futures are USDT-settled perpetual futures that track tokenized equity indices linked to major U.S. Stocks. Each contract references a composite index built from tokenized stock prices across multiple platforms, rather than a single stock or token. This structure provides continuous exposure to U.S. equity market movements. With 24/7 trading during U.S. market days, USDT-denominated margin and settlement, and support for both long and short positions with flexible leverage, Stock Futures allow traders to participate in U.S. stock trends without holding the underlying equities.

Key features:

• Perpetual contracts with no expiration date

• 7*24 trading

• USDT-denominated margin and settlement, with no FX conversion required

• Long and short trading, allowing users to trade both rising and falling markets

• Flexible leverage from 1x to 25x

2. Stock Futures vs. USDT perpetual futures

3. FAQs

3.1 Which Stock Futures are currently supported?

Toobit currently supports the following USDT-settled Stock Futures contracts. More contracts will be added gradually based on market demand and user feedback.

• TSLAUSDT（Tsla Inc.）

• NVDAUSDT（Nvidia Corporation）

• AAPLUSDT（Apple Inc.）

• MSFTUSDT（Microsoft）

• MSTRUSDT（Strategy Inc）

• COINUSDT（Coinbase Global Inc.）

• METAUSDT（META Platform Inc.）

• QQQUSDT（Invesco QQQ）

• GOOGLUSDT（Alphabet Inc.）

• CRCLUSDT（Circle Internet Group）

3.2 What is the maximum leverage available?

Stock Futures support leverage up to 25x.

3.3 What are the trading hours?

7*24

3.4 What are the trading fees for Stock Futures?

Trading fees for Stock Futures follow the same fee structure as standard USDT-M perpetual contracts.

3.5 Is KYC required to trade Stock Futures?

Stock Futures trading does not require mandatory KYC, subject to applicable platform rules and risk controls.

3.6 Can vouchers be used to trade Stock Futures?

Some vouchers may be eligible. Please refer to the specific voucher terms for details.

3.7 How do I trade Stock Futures?

You can access Stock Futures trading via the following channels:

• Web: Toobit website → Futures → USDT Perpetual → TradFi

• App: Update to the latest version → USDT Perpetual → TradFi section

4. Important mechanisms and system design

4.1 Liquidation mechanism

• Stock Futures use a liquidation mechanism consistent with USDT perpetual contracts. A position will be forcibly liquidated once its risk ratio reaches or exceeds 100%.

• At the market open, sharp price gaps in the underlying asset—such as gap-ups or gap-downs—may cause the market price to skip the liquidation price, resulting in forced liquidation or position loss. Users are advised to monitor price movements before the market open and manage risk by adding margins or setting stop-loss orders in advance.

4.2 Insurance fund

Toobit maintains an insurance fund for its Stock Futures to act as a risk buffer during extreme market conditions. Its primary purpose is to handle liquidation shortfalls and reduce the likelihood of Auto-Deleveraging (ADL).

• How it works: If a liquidation order cannot be fully executed at the bankruptcy price due to insufficient liquidity, the insurance fund will take over the remaining position to prevent negative balances.

• Scope: The insurance fund is designed to maintain overall market stability. It does not cover normal trading losses and does not replace personal risk management. If the fund is insufficient under extreme conditions, the system may trigger ADL based on risk priority.

4.3 Index price

The index price is the primary pricing benchmark used for settlement, liquidation, and funding rate calculations, ensuring fair and accurate pricing. It is derived from a weighted average of market prices of tokenized equity assets issued by multiple providers. Rather than tracking the underlying stock directly, the index price reflects the aggregated market value of its tokenized representations.

5. Risk disclosure

Stock Futures involve both U.S. equity market volatility and leverage, which significantly increases trading risk. Please ensure you fully understand the following risks before trading:

5.1 Market volatility risk

US equities are highly sensitive to macroeconomic conditions, regulatory developments, corporate earnings, and geopolitical events, which may cause rapid and unpredictable price fluctuations. In leveraged trading, even small adverse price movements can result in significant margin losses and may lead to forced liquidation.

5.2 Leverage and liquidation risk

Higher leverage amplifies both potential returns and risks. When using high leverage—especially at 20–25x—even small price movements can significantly impact your margin ratio and may quickly trigger forced liquidation if additional margin is not added in time.

5.3 Rule adjustment risk

Toobit may adjust leverage limits, maintenance margin requirements, and position limits based on market conditions, regulatory requirements, or changes in the underlying assets. Any such adjustments will be announced in advance via official channels. Users are advised to closely monitor relevant announcements and manage their positions accordingly to mitigate potential risks arising from rule changes.

Note: Stock Futures are intended for users with sufficient trading experience and risk tolerance. New users are advised to start with lower leverage (1x–5x) and use strict risk controls, including stop-loss orders.

If you have any questions, please contact Toobit's official Customer Support via live chat, ticket system, or community channels. Support is available 24/7.

Thank you for your trust and support. Toobit will continue improving its product offerings to deliver secure and accessible global trading solutions.

Toobit Team

2026-02-05