1. What are Toobit stock perpetuals?
Toobit stock perpetuals (also known as U.S. stock perpetual futures) are derivative products offered by Toobit that allow traders to trade U.S. stocks with leverage using USDT as the margin and settlement currency, without owning the underlying shares. The product provides a flexible way for investors to gain exposure to the U.S. stock market within a crypto-native trading environment.
2. What are stock tokens?
Stock tokens (Stocks) are digital assets built on blockchain technology that track the prices of underlying stocks. Simply put, stock tokens are digital tokens designed to mirror the price movements of real stocks.
3. Key features of stock tokens
Stock tokens generally have the following characteristics:
3.1 Track underlying stock prices
The price of a stock token typically tracks the price of its corresponding underlying U.S. stock.
3.2 Available for 24/7 trading
Unlike traditional stocks, stock tokens can be traded around the clock on crypto markets, without being limited by U.S. stock market trading hours.
3.3 Not actual stocks, no shareholder rights
Owning a stock token does not mean you own the actual stock, so you do not have voting rights, dividend rights, or other shareholder privileges.
3.4 Fractional exposure
Investors can gain exposure to fractions of an underlying stock without having to purchase a whole share, which may lower the barrier to entry.
4. How stock perpetuals behave across different market sessions
Toobit stock perpetuals are available for trading 24/7, allowing you to open and close positions and manage your positions at any time.
Stock perpetuals are not direct investments in the stock market. Instead, they are derivative products designed to track the price performance of their underlying stocks, which allows them to remain available for trading when traditional stock markets are closed.
However, liquidity is generally higher, and price references are more robust during the trading hours of the underlying stock market. During off-market hours, including pre-market, after-hours, weekends, and market holidays, liquidity may decrease, and price volatility may increase.
4.1 U.S. Stocks
Trading hours (09:30–16:00 ET)
During regular U.S. stock market hours, trading activity is generally higher, providing more frequent price updates and more reliable price references. Stock perpetuals may therefore track the underlying market more closely during these hours.
During pre-market, after-hours, weekends, and U.S. market holidays, lower market participation may lead to reduced liquidity and increased price volatility.
4.2 Hong Kong stocks
Trading hours: 09:30–16:00 HKT (12:00–13:00 HKT lunch break)
During Hong Kong stock market hours, price references are more robust and liquidity is generally higher.
During the lunch break, weekends, and Hong Kong market holidays, the lack of real-time underlying market prices may cause stock perpetuals to react more strongly to global market developments and market expectations, potentially resulting in greater price volatility.
4.3 Korean stocks
Trading hours: 09:00–15:30 KST
During Korean stock market hours, liquidity is generally higher and price references are more robust.
During weekends and Korean market holidays, stock perpetuals remain available for trading. However, without real-time price references from the underlying stock market, prices may be more sensitive to global market developments.
5. Which stock perps are currently supported?
Toobit currently offers 150+ stock USDT-M perpetual futures, covering technology, financial, consumer, healthcare, and index-related assets, including:
• Technology and internet
TSLA (Tesla), AAPL (Apple), NVDA (NVIDIA), META (Meta), MSFT (Microsoft), NFLX (Netflix), PLTR (Palantir), RDDT (Reddit), and more.
• Financial, consumer, and enterprise services
COIN (Coinbase), MA (Mastercard), FUTU (Futu Holdings), MCD (McDonald’s), PEP (PepsiCo), ACN (Accenture), CSCO (Cisco), and more.
• Healthcare, China concept stocks, and index assets
LLY (Eli Lilly), UNH (UnitedHealth), BABA (Alibaba), JD (JD.com), QQQ (Nasdaq-100 ETF), and more.
Note: Toobit will continue to add more popular stock perpetual futures in the future. Stay tuned!
Notes:
When underlying U.S. stocks undergo splits, reverse splits, or other corporate actions, the stock token issuer may make corresponding adjustments based on the circumstances.
Toobit does not split or merge stock tokens independently. Any changes to the token quantity, trading rules, or other relevant terms are subject to announcements from the issuer or Toobit.
Due to regulatory requirements that vary by region, certain traders may not be able to view or trade specific stock perpetuals or stock tokens. Please refer to the assets and related information actually displayed on the Toobit trading page for the latest availability.
Risk disclaimer:
Toobit stock perpetuals and stock tokens are high-risk derivatives and may result in total loss of invested capital. Leveraged trading carries significant risk. Traders should fully understand product mechanics and market volatility, and trade only with funds they can afford to lose. Toobit does not guarantee investment returns. Please review the applicable rules and terms before trading.
