KSTR Token Debuts on Bybit Futures with 20x Leverage – What Traders Need to Know

KSTR, the synthetic token tied to the KraneShares SSE STAR Market 50 Index ETF, has officially landed on Bybit futures with up to 20x leverage. This listing opens a new derivatives avenue for traders seeking exposure to China's STAR Market via a crypto wrapper. Below, we break down the context, recent price action, and what to watch.

What Happened: Bybit Listing Details

Bybit announced the listing of the KSTRUSDT perpetual contract on July 14, 2026, at a reference price of $28.83. The contract supports leverage up to 20x, allowing traders to amplify both gains and losses. KSTR is categorized as a synthetic asset within the TradFi derivatives ecosystem, bridging traditional finance and decentralized markets.

Recent price alerts on Binance futures (prior to the Bybit listing) show notable volatility:

• July 9, 2026: A 12-hour spike of +8.93% (from $29.07 to $31.66) and a 24-hour spike of +9.21% (from $28.99 to $31.66).
• July 10, 2026: A 24-hour drop of -5.26% (from $31.72 to $30.05).

These swings suggest active trading interest and potential for continued volatility around the new listing.

Token Snapshot: KSTR at a Glance

• Symbol: KSTR
• Name: KraneShares SSE STAR Market 50 Index ETF (Derivatives)
• Current Supply: 0 (infinite supply model)
• Last Known Price: $28.77 (down -1.01% over 24 hours)
• Active Markets: 18
• 24h Volume: $0.00 (data may be stale)
• Tags: DeFi, Synthetics, Binance Ecosystem, Binance Listing, TradFi Assets (Derivatives)
• Platform: None (native token)
• Date Added: July 2, 2026

Note: The token's self-reported circulating supply and market cap are not provided. The infinite supply model means no hard cap on token creation.

Risk Notes

• Leverage Risk: 20x leverage can lead to rapid liquidation. Use strict risk management.
• Volatility: Recent double-digit swings within 24 hours highlight unpredictable price action.
• Liquidity: Despite 18 active markets, reported 24h volume is zero—verify actual liquidity before trading.
• Synthetic Nature: KSTR is a derivative of a traditional ETF; its value depends on the underlying index and market sentiment.

Where to Trade

KSTRUSDT perpetual contracts are available on Bybit. For automated trading strategies, consider using our bot: Trade with our bot.