Hotcoin Launches TENCENT, XUNCE and ZHIPU Perpetual Futures
The crypto exchange will launch TENCENTUSDT, XUNCEUSDT and ZHIPUUSDT perpetual contracts on April 16, tracking shares of Tencent, Xunce and Zhipu.
Crypto exchange Hotcoin has announced the upcoming launch of three new USDT-margined perpetual futures contracts that track the share prices of Hong Kong-listed technology and AI companies. The products are set to go live at 18:00 UTC+8 on April 16, 2026.
The TENCENTUSDT perpetual contract tracks the stock price of Tencent Holdings (0700.HK). Tencent is a major Chinese technology conglomerate with operations spanning social media, gaming, fintech, cloud computing and digital content. Settlement and margin for the contract are denominated in USDT.
Similarly, the XUNCEUSDT contract mirrors the share price of Xunce (03317.HK), a Chinese provider of real-time data infrastructure and AI analytics services that focuses on data processing, analysis and intelligent applications.
The ZHIPUUSDT contract tracks Zhipu (02513.HK), a Chinese AI firm specialising in general-purpose large language models and large-scale model ecosystems.
All three products are stock perpetual futures, meaning they offer synthetic exposure to the underlying equities without requiring actual share ownership. They are margined and settled in Tether’s USDT stablecoin, which is standard practice for crypto exchange derivatives.
With this addition, Hotcoin expands its range of equity-linked derivatives, aiming to give users more trading options and a broader set of instruments for hedging or speculative strategies tied to prominent Chinese tech stocks.
Source: Hotcoin