Dear LBank Users,


To enrich the platform’s trading product offerings and meet the diversified investment needs of users worldwide, LBank has officially launched USDT-margined U.S. stock futures products (hereinafter referred to as “U.S. Stock Futures”). These products are traded and settled in USDT and track the price movements of U.S. stock underlying composite indices, providing users with a convenient and efficient channel for participating in the U.S. stock market. The relevant product rules and important notes are hereby announced as follows:

I. Introduction to LBank U.S. Stock Futures

LBank U.S. Stock Futures are perpetual contract products designed based on the price movements of U.S. stock underlyings. Users can directly open long or short positions using USDT, without the need for USD exchange or cross-border fund transfers. This enables users to flexibly seize opportunities arising from fluctuations in the U.S. stock market.

II. Key Differences Between LBank U.S. Stock Futures and the Traditional U.S. Stock Market

  • Different Settlement Assets : 

Traditional U.S. stock trading requires USD as the settlement currency and involves complex processes such as foreign exchange conversion and fund custody. In contrast, LBank U.S. Stock Futures use USDT directly as the trading and settlement asset, enabling seamless integration between digital assets and U.S. stock market exposure, without the need for forex conversion or overseas account opening. Fund transfers are efficient and barrier-free.

  • Significantly Lower Trading Threshold: 

Traditional U.S. stock trading usually has a high capital threshold (most brokers require a minimum of over USD 5,000 to open an account, and each trade must meet the minimum lot size of the stock). LBank U.S. Stock Futures have a minimum trading unit of only 10 USDT, greatly reducing the entry barrier and allowing ordinary users to easily participate in U.S. stock market trading.

  • More Favorable Fee Structure: 

Traditional U.S. stock trading fees are typically charged per transaction (USD 5–8 per trade) or at a percentage of the trading amount (around 0.5%). LBank U.S. Stock Futures adopt a fixed-rate fee structure with fully transparent pricing. Tiered fee discounts are also provided for different VIP levels—the higher the trading volume, the lower the transaction costs.

  • Different Account Opening and Participation Process: 

Traditional U.S. stock trading requires identity verification, opening an account with an overseas brokerage, and cross-border fund transfers, which are time-consuming and complex. With LBank U.S. Stock Futures, users only need to register a platform account to activate trading access. The entire process is completed online, and account activation and trading preparation can be finished within 5 minutes.

  • Different Leverage Mechanisms: 

Traditional U.S. stock margin trading leverage is subject to regulatory limits (usually 1–2x) and strict maintenance margin requirements. Based on the characteristics of digital asset trading, LBank U.S. Stock Futures support 1–20x leverage, with clear margin calculation rules and no additional risk-control restrictions beyond forced liquidation.

  • Different Trading Hours: 

For details, please click「Announcement on LBank U.S. Stock Futures Trading Hours and Related Rules」to view the trading hours rules.

III. Important Risk Warnings and Notes

  • At the opening of the U.S. stock market, due to factors such as pre-market news and overnight global market fluctuations, the opening price of futures contracts may differ significantly from the previous trading day’s closing price. Users holding overnight positions should fully assess gap risks and set take-profit and stop-loss levels prudently.

  • LBank U.S. Stock Futures are USDT-margined derivative products. Users only obtain profits or losses from price fluctuations through futures trading and do not actually hold the underlying U.S. stocks. Therefore, users do not enjoy shareholder rights such as dividends or voting rights. When the underlying stocks distribute dividends, the futures contract price will be adjusted accordingly after ex-dividend, and the platform will not settle dividends separately.

  • If the U.S. stock market triggers the circuit breaker mechanism (corresponding to S&P 500 index declines of 7%, 13%, and 20% for different levels of halts), the platform may take measures such as early settlement of the underlying contracts, cancellation of pending orders, or suspension of trading. Users are advised to closely monitor market conditions and platform announcements, manage their positions prudently, and avoid losses caused by price volatility after trading resumes.

  • Due to differences in regulatory policies across regions, the availability of U.S. Stock Futures services may be restricted depending on the user’s jurisdiction. Certain regions may not currently support trading of this product. Please refer to the 「LBank User Agreement」 for details on the applicable regions.

  • LBank reserves the right, in accordance with global regulatory requirements, market operations, and compliance reviews, to adjust rules such as service regions, leverage ratios, and fee standards at any time. Any such adjustments will be announced in advance through official platform notifications.

  • Both the digital asset market and the U.S. stock market involve high volatility risks, and leveraged trading amplifies both profits and losses. Users should trade rationally based on their own risk tolerance and avoid excessive use of leverage. LBank shall not be responsible for any trading gains or losses.