Cryptocurrency exchange OKX has launched over 20 equity perpetual swap contracts, offering users in Asia, the CIS, Latin America, and Türkiye synthetic exposure to major U.S. stocks like the “Magnificent 7” and crypto-linked firms. The derivatives, denominated in USDT with up to 5x leverage, allow trading around the clock using crypto assets as collateral under a unified margin system. This move is part of a broader industry push to provide real-world asset exposure to retail traders who face hurdles accessing traditional brokerage systems.
OKX has launched more than 20 equity perpetual swap contracts, providing users across several global regions exposure to trade major stocks using cryptocurrency as collateral. The launch includes the full “Magnificent 7” and crypto-linked firms such as Coinbase and Robinhood, as well as the S&P 500 tracker SPY.
The contracts are denominated in USDT and offer up to 5x leverage for trading during off-market hours. Unlike tokenized equities, these perpetual swaps are derivatives that track price movements without granting actual share ownership.
An OKX spokesperson stated the offering is differentiated by its “unified trading account” system. This allows users to post Bitcoin, Ethereum, and yield-bearing crypto assets as collateral, with those assets continuing to generate yield while positions are open.
“I think these instruments will command a good following from momentum-driven retail investors,” Peter Chung, head of research at Presto Labs, said. “Crypto exchanges are far more accessible venues for retail investors in many jurisdictions around the world.”
The rollout follows a recent tie-up with Intercontinental Exchange, NYSE‘s parent company, which invested in OKX earlier this month at a $25 billion valuation. That deal is expected to enable trading of tokenized NYSE-listed stocks and derivatives later this year.
According to CoinGecko data, OKX’s native token, OKB, is trading at $85. The launch is framed as the first phase of a broader rollout to expand tokenized real-world asset exposure on the platform.
