What are KuCoin Futures and how do they work?

KuCoin Futures, a feature within the KuCoin exchange platform, allows traders to speculate on the future price of various cryptocurrencies. Users can enter into contracts that track the value of a specific cryptocurrency, taking either long or short positions depending on their market predictions. They trade these contracts using leverage, which means they can open larger positions with a smaller amount of capital, amplifying both potential profits and losses. The futures platform offers sophisticated trading features such as stop orders and margin adjustments, catering to experienced traders looking for advanced risk management tools. It's important that users understand the risks involved with leveraged trading before participating in KuCoin Futures due to the high level of volatility in the cryptocurrency markets.