Crypto exchange OKX has introduced equity perpetual swaps for traders to gain 24/7 access to major global stocks while margining directly from their crypto portfolio.
OKX Opens door to 24/7 Stock Exposure
OKX announced the launch of equity perpetual swaps on Tuesday, providing traders across Asia, the CIS region, Latin America, and Türkiye access to major global stocks and indices. According to reports, this product will give customers the opportunity to deploy crypto as margin while trading popular equities on a derivatives rail.
The launch provides over 20 equity perpetual contracts, including the “Magnificent 7” stocks, such as Nvidia, Tesla, Apple, Alphabet, Microsoft, Amazon, and Meta. It also features contracts tied to major crypto-related firms such as Strategy, Coinbase, Robinhood, and Circle, and tech-related equities including Palantir, Intel, and Sandisk.
In a press release, the company said the products are denominated in USDT and offer up to 5x leverage. Traders can use cryptocurrencies, including BTC, ETH, and USDT, and assets held in the Trading Account Auto Earn as collateral.
OKX’s Trading Account Auto Earn is a platform where the users can earn rewards or yields over their idle assets through lending or staking. These assets will continue to generate yield, according to records.
“With the launch of equity perpetual swaps, we are expanding that infrastructure to support exposure to global equities while allowing traders to keep their crypto portfolios intact,” said Star Xu, founder and CEO of OKX.
Building a borderless trading ecosystem
The exchange sees the product as a ‘truly unified cross-margining’ experience where their entire portfolio acts as one shared pool of collateral across different services, as compared to most platforms that limit the collateral to USDT.
Alongside, earlier this month, OKX also announced the investment of $25 billion from the parent company of the New York Stock Exchange (NYSE) called Intercontinental Exchange.
OKX users are given the advantage of deploying their complete portfolio across multiple positions in a single account while their assets continue to enjoy the benefits of the yield.
“The goal is a single account where your capital, whatever form it’s in, can reach any market, any time,” OKX stated in the official announcement.
The crypto exchange said they see the product as a stepping stone into a broader rollout to expand its market, including equity contracts and tokenized real-world asset (RWA) offerings. The official press release also stated the exchange’s plans to introduce more products and RWA exposures.
