Spot Trading

KuCoin Tokenised Stocks User Agreement

Last updated: 09/02/2026 10:00:00
This "KuCoin Tokenised Stocks User Agreement" (hereinafter referred to as "this Agreement") applies to your access to and use of the Tokenised Stocks trading services provided on the KuCoin platform. This Agreement is supplementary to the "KuCoin Terms of Use". By accessing, browsing, or using the Tokenised Stocks services on KuCoin , you acknowledge that you have read, understood, and agreed to be bound by this Agreement.
  
1. Scope and Acceptance of Terms
This Agreement governs your access to and use of the Tokenised Stocks spot trading services available on the KuCoin Platform (the “Services”). The Services allow eligible users to trade certain blockchain-based tokens issued or otherwise made available by third-party issuers and available for trading on the KuCoin spot market, commonly referred to as “Tokenised Stocks” (the “Tokenised Stocks”).
KuCoin provides the Platform and related trading services for Tokenised Stocks but does not issue any Tokenised Stock or determine its structure, backing arrangements, redemption terms, or associated rights and entitlements. These matters are determined by the relevant third-party issuer or service provider under its applicable product documentation.
KuCoin does not represent or act on behalf of the issuer of any Tokenised Stock or the issuer or sponsor of any Underlying Asset.
 

2. Definitions

  • "Assets": Specifically refers to Tokenised Stocks made available for trading on the Platform.
  • "Platform": Refers to KuCoin website, mobile applications, and any related APIs that provide access to KuCoin .
  • "Underlying Asset": Refers to the traditional financial instrument or other asset, such as an equity, bond, commodity or fund, by reference to which the value or performance of an Asset is determined or calculated.
  • "Corporate Action": Refers to any event initiated by the issuer of the Underlying Asset that brings a material change to the asset, including but not limited to dividends, stock splits, mergers, and spin-offs.

 

3. User Eligibility and Access to Services

To access Services, you represent and warrant that:
a. You have fully passed KuCoin's Know Your Customer (KYC) and Anti-Money Laundering (AML) identity verification procedures.
b. You have reached the legal age to enter into a legally binding contract and possess full civil capacity to accept these terms.
c. You are not a resident of, or located in, any jurisdiction that restricts or prohibits the trading of Tokenised Stocks (including but not limited to the United States, mainland China, and other restricted regions as determined by KuCoin).
d. You and your ultimate beneficial owner(s) are not the subject of sanctions on any applicable sanctions lists, and will not use the Services in violation of any applicable sanctions, anti-money laundering (AML), counter-terrorism financing (CTF), or export control laws and regulations.
e. You satisfy any additional eligibility requirements applicable to the relevant Tokenised Stock under the Issuer Documentation or applicable laws, including any investor qualification requirements, where applicable.
 

4. Use of Services

(1) Availability of Assets KuCoin does not guarantee the continuous availability of any specific Asset. We reserve the right to suspend, or delist any Tokenised Stocks at any time, especially in response to regulatory actions, liquidity issues, or changes in the status of the Underlying Asset.
KuCoin reserves the right to suspend, restrict, or cease the trading, settlement, deposit, withdrawal, transfer, or other related services of any Assets under the following circumstances:
(i) The trading of the Underlying Asset is suspended;
(ii) The occurrence of a Corporate Action;
(iii) Extreme market volatility or material market disruption events;
(iv) Insufficient liquidity;
(v) At the request of third-party service providers, custodians, or liquidity providers;
(vi) At the request or requirement of regulatory authorities;
(vii) Any other circumstances deemed necessary by KuCoin to protect users or maintain market stability.
(2) Buying and selling Assets
  • (i) General Rules: All orders placed for Assets through the Services are subject to the applicable trading rules, order parameters, execution requirements, and operational, risk-control and compliance requirements established or applied by KuCoin, as well as any applicable product terms of the relevant third-party issuer or service provider.
  • (ii) Form of Purchase Price: The purchase price for Assets must be paid using the cryptocurrencies or stablecoins (e.g., USDT) supported by KuCoin and displayed on the relevant trading page. You must maintain a sufficient available balance in your account to cover the purchase price and any applicable fees.
  • (iii) Trading Parameters: KuCoin may, at its sole discretion, impose restrictions on trading parameters, including but not limited to minimum/maximum order sizes, price bands, and slippage tolerance. You acknowledge and accept that Assets may experience severe price volatility.
  • (iv) Order Execution: Orders submitted through the Services are subject to the applicable trading rules and the liquidity and availability of the relevant Assets. KuCoin does not guarantee that any order will be executed or executed at the requested price. During periods of extreme market volatility, insufficient liquidity, market disruption or service interruption, orders may be partially filled, delayed, rejected or cancelled.
  • (v) In the event that anomalies occur in order prices, transaction results, or account records due to system failures, technical errors, software bugs, data feed errors, pricing errors, communication failures, human errors, or other manifest errors, KuCoin reserves the right, at its sole discretion, to cancel, reverse, adjust, or correct the relevant transactions or account records, without prior notice to the user.
(3) Managing your Assets
Holding Assets through the Platform does not, by itself, confer upon you any direct ownership or beneficial interest in the relevant Underlying Asset, or any shareholder, creditor, voting, information, inspection, redemption, pre-emptive, participation or similar rights against the issuer of the Underlying Asset. Any rights or entitlements associated with an Asset are determined solely by the applicable terms established by the relevant third-party issuer or service provider.
Any adjustment, distribution or other treatment arising from a Corporate Action is subject to the arrangements and procedures of the relevant third-party issuer, service provider or custodian. KuCoin does not control whether or how a Corporate Action is reflected in the relevant Asset and is not responsible for any delay, discrepancy or failure attributable to any third party, smart contract limitation or regulatory restriction.
Where a relevant third-party issuer, service provider or custodian makes any adjustment, distribution or other treatment available in connection with a Corporate Action, KuCoin may determine the operational procedures and timelines for reflecting or processing it in eligible users’ accounts.
(4) Transaction history
You may access your Asset transaction history through your KuCoin account. While we make every effort to ensure the accuracy of these records, you are solely responsible for reviewing your own transaction history. Any discrepancies must be reported to KuCoin Customer Support within three (3) days after the transaction occurs; otherwise, the records will be deemed accurate and conclusive.
 

5. Fees, Payments, and Taxes

You agree to pay all applicable fees associated with trading Assets, including trading fees, network/funding rates, and third-party service fees published on the Platform. KuCoin reserves the right to adjust its fee structure at any time. Furthermore, you shall bear sole responsibility for all tax liabilities derived from the profits or transactions arising from your use of the Asset trading services.
 

6. Risk Disclosure

Trading Tokenised Stocks on KuCoin involves the following risks:
  • Market Risk: The price of Assets can be highly volatile and may not perfectly track the underlying asset.
  • Regulatory Risk: The legal and regulatory treatment of Tokenised Stocks may vary between jurisdictions and may change without notice. As a result, Tokenised Stocks or access to related Services may become subject to restrictions, suspension or termination. The relevant third-party issuer, service provider, custodian or regulatory authority may also restrict the trading, transfer, redemption or other use of Tokenised Stocks. KuCoin does not guarantee the continued availability, tradability, transferability or redeemability of any Tokenised Stock and may restrict, suspend or discontinue the relevant Services where reasonably necessary to comply with applicable laws or regulatory requirements. KuCoin makes no representation or warranty as to whether any Tokenised Stock constitutes a security, derivative, regulated financial instrument or other regulated product under the laws of any jurisdiction.
  • Liquidity Risk: Certain Tokenised Stocks assets may have limited trading volume or market depth, leading to price slippage, widened spreads, or the inability to execute orders at expected levels. KuCoin makes no representations or warranties regarding the liquidity of any market or asset. You must carefully consider the potential impact of illiquidity before submitting any order.
  • Price Tracking Risk: The market price of Assets is determined by market supply and demand dynamics, and may deviate significantly from the market price, net asset value (NAV), reference price, or theoretical value of the corresponding Underlying Asset. KuCoin does not guarantee a continuous, consistent, or accurate price correlation between the Assets and the Underlying Assets, nor does it guarantee that the Assets will accurately reflect the performance of the Underlying Assets.
  • Operational Risk: Website operations may experience delays or interruptions due to various factors, including but not limited to technical failures, Distributed Denial of Service (DDoS) attacks, system maintenance, software bugs, or other cybersecurity incidents.
  • Settlement Risk: Unforeseen circumstances may arise where trade settlement cannot be completed in a timely manner. Settlement cycles may vary or be delayed in certain situations, including but not limited to extreme market volatility, network delays, an excessive number of simultaneous redemption instructions from other users, or any other unanticipated events. Settlement times are not guaranteed, and such delays or cancellations may adversely affect the value of digital assets, and your order price may be held on the Platform for longer than expected. KuCoin assumes no liability for any losses or opportunity costs resulting from delayed or failed settlements.
  • Technology, Custody, and Third-Party Risks: The Services rely in part on third-party issuers, custodians, liquidity providers, settlement providers, blockchain networks and technology service providers. KuCoin does not control the issuance of Tokenised Stocks, the custody of the Underlying Assets, primary-market issuance or redemption arrangements, or the acts or omissions of such third parties. Any error, default, insolvency, security breach, operational failure or service interruption involving any such third party may result in transaction delays, asset loss, pricing discrepancies or trading restrictions. To the maximum extent permitted by applicable law, KuCoin shall not be responsible for any loss arising from the acts, omissions or failures of such third parties.
  • Counterparty Risk: The issuance, liquidity, settlement, redemption or other operation of Tokenised Stocks may rely on third-party issuers, liquidity providers, custodians, settlement providers or other counterparties. Any default, insolvency or failure to perform by such parties may result in delayed settlement, trading restrictions or a partial or total loss of your Assets. KuCoin does not guarantee the performance or credit standing of any such third party.
  • Legal and Tax Risks: The tax treatment of digital assets varies by jurisdiction and is subject to change at any time. You are solely responsible for determining your own tax obligations and complying with local laws. KuCoin does not provide any tax advice, nor does it make any guarantees regarding the tax treatment of any transaction.
  • Other Risks: Other risks associated with the Services and their reliance on third parties include, but are not limited to, data transmission errors, human errors, system delays, pricing discrepancies or misinterpretation of market data.
By using Services, you declare that you fully understand and accept the above risks. Furthermore, you understand and agree that Services relies in part on the support provided by third-party issuers, custodians, liquidity providers, settlement institutions, and technology service providers. KuCoin makes no representations or warranties regarding the ongoing operational viability, solvency, compliance status, asset security, or performance capabilities of any third party.
 

7. Disclaimer of Warranties and Limitation of Liability

(1) The Services and Assets are provided on an "AS IS" and "AS AVAILABLE" basis, without warranties of any kind, either express or implied. KuCoin explicitly disclaims warranties of merchantability, fitness for a particular purpose, and non-infringement. KuCoin shall not be liable for any direct, indirect, incidental, or consequential damages (including loss of profits) arising from your use of the Services, pricing errors, smart contract vulnerabilities, or the performance of the Underlying Assets.
(2) Any information, pricing data, market analysis, research reports, ratings, leaderboards, market commentary, or other content provided through the KuCoin Services is for informational purposes only and does not constitute any investment, legal, tax, accounting, or other professional advice. Nothing contained within the Services shall be construed as a recommendation, solicitation, offer, or endorsement to buy, sell, or hold any Assets or Underlying Assets. Users shall make their own independent investment decisions and solely bear all associated risks.
(3) KuCoin shall not be held liable for any delay, interruption, suspension, error, loss, or service unavailability caused by Force Majeure events. Force Majeure events include, but are not limited to, natural disasters, war, civil unrest, acts of terrorism, government actions, changes in laws and regulations, sanctions, internet failures, blockchain network anomalies, cyberattacks, power outages, telecommunication failures, and failures of third-party service providers.
(4) To the maximum extent permitted by applicable law, KuCoin's total aggregate liability arising out of or in connection with the Services shall not exceed the total amount of service fees actually paid by the user to KuCoin for the trading of the relevant Assets during the twelve (12) months immediately preceding the occurrence of the event giving rise to the relevant claim.
 

8. Suspension and Termination of Services

If we suspect that you have violated this Agreement, engaged in market manipulation, or if required to do so by applicable laws, subpoenas, or regulatory authorities, KuCoin reserves the right to immediately suspend, restrict, or terminate your access to the Services, or freeze your Assets, without prior notice.
KuCoin also reserves the right to restrict, suspend, or terminate a user's access to the Services based on sanctions screening, anti-money laundering (AML) reviews, compliance requirements, or regulatory mandates. In the event that Assets can no longer be offered due to changes in laws and regulations, regulatory requirements, law enforcement actions, termination of third-party services, changes in the status of the Underlying Asset, or other compliance reasons, KuCoin reserves the right to take measures including, but not limited to, suspending trading, restricting trading, forced liquidation, conversion, redemption, cancellation, delisting, or terminating related services. The user agrees to cooperate with such handling arrangements and shall solely bear all associated risks arising therefrom.
 

9. Modification of Terms

KuCoin reserves the right to modify, amend, or update this Agreement at any time to reflect changes in regulatory requirements, operational practices, or market conditions. Any changes will be published on the Platform. Your continued use of the Services after the publication of the revised Agreement constitutes your binding acceptance of the updated terms.