Introducing KuCoin Web3 Wallet Perps

KuCoin Web3 now supports onchain Perpetual Futures (Perps) trading on mobile.

Users can open long or short positions directly within KuCoin Web3 Wallet, with the entire trading process executed fully onchain—no need to connect to a centralized exchange or external third-party dApp.

This new onchain Perps experience is designed with execution speed and operational flexibility at its core, enabling users to place orders, manage positions, and track market movements in real time—often within seconds.

1. What Are Onchain Perps? 

Onchain Perps are derivative contracts deployed on blockchain networks. They allow users to speculate on an asset’s price without owning the underlying asset and without an expiration date. Based on market expectations, users can:

• Go Long → when expecting prices to rise
• Go Short → when expecting prices to fall

Onchain Perps typically support leverage, which can amplify both potential gains and potential losses. Positions can be used for short-term trading or held over longer periods, offering greater flexibility compared to traditional futures.

2. Onchain Perps vs. Centralized Exchange (CEX) Perps

From a user experience perspective, onchain perps may feel similar to perps offered by centralized exchanges. However, there are important differences at the infrastructure level. 

With onchain perps:

• Trading, margin management, liquidation, and settlement are executed automatically by smart contracts or onchain protocol rules
• Assets are not custodied by a centralized platform

This means:

• Your assets always remain in your wallet address
• Trading rules are transparent and verifiable onchain 
• No reliance on the credit or custody of a centralized institution

As a result, onchain perps are widely regarded as a trading model that better aligns with the Web3 self-custody philosophy.

3. Tradable Markets

With KuCoin Web3 Wallet Perps, you can:

• Go long or short on 150+ perpetual trading pairs
• Trade major crypto assets, including but not limited to $BTC, $ETH, and $SOL
• Use leverage of up to 40× (subject to underlying protocol support)

Supported assets and leverage limits may vary depending on region, market conditions, or regulatory requirements.

4. Currently Supported Trading Features

KuCoin Web3 Wallet currently supports the following core perps trading features:

• Isolated Margin Mode Margin is allocated per position, helping limit the maximum risk exposure of any single trade.
• Market Orders Orders are executed at the best available market price, ideal for scenarios where execution speed is critical. 

Limit Orders will be supported in future updates. Please stay tuned.

5. Why Trade Onchain Perps with KuCoin Web3? 

5.1 Fast Execution

The perps trading experience in KuCoin Web3 Wallet is optimized for speed, enabling rapid order confirmation and faster responses to market changes. 

5.2 Self-Custodied Assets

Your funds remain fully self-custodied in your wallet, rather than being held by a centralized platform.

You can freely manage:

• Take Profit (TP) 
• Stop Loss (SL) 
• Leverage and position size 

5.3 Flexible Funding Options (Coming Soon)

Currently, Perps accounts support USDC deposits on the Arbitrum network only.

In future versions, additional tokens such as ETH, SOL, and USDT will be supported for funding. Deposited assets will be automatically converted to USDC for trading, with no extra steps required.

6. Trading Infrastructure

Onchain perps in KuCoin Web3 Wallet are powered by Hyperliquid, which provides the underlying matching and liquidation infrastructure.

KuCoin Web3 Wallet serves as a non-custodial access layer, allowing users to directly interact with onchain Perps markets while maintaining full control over their assets.

7. Risks & Disclaimers

• Perpetual Futures matching, liquidation, and related trading data are provided by Hyperliquid
• KuCoin Web3 Wallet does not custody user funds and does not act as a trading counterparty 
• Available features may change based on market conditions or regulatory requirements 

Please ensure you fully understand the product mechanics and associated risks before participating in onchain Perpetual Futures trading.