MyStonks Launches Hong Kong Stock Futures Trading with Crypto Collateral

MyStonks introduces leveraged futures contracts for Hong Kong-listed stocks, allowing trading via USDT or USDC with up to 20x leverage.

USDT

USDC

87d ago

Summary

On September 16, MyStonks launched Hong Kong stock contract trading, enabling users to trade directly via wallets with USDT or USDC collateral and leverage of up to 20x. The contracts include major Hong Kong-listed companies such as Tencent, Xiaomi, and BYD, covering industries like technology, automotive, retail, internet, and semiconductors.

Terms & Concepts

Futures Trading: A financial contract obligating the buyer to purchase, or the seller to sell, an asset at a predetermined future date and price.
USDT (Tether): A stablecoin pegged to the U.S. dollar, often used in crypto markets as a trading and settlement currency.
USDC (USD Coin): A fully-backed U.S. dollar stablecoin used for digital payments and trading in cryptocurrency markets.