OKX Expands Crypto Collateral Trading with Equity Perpetual Swaps
- OKX launched over 20 equity perpetual swap contracts, allowing users in Asia, the CIS region, Latin America, and Türkiye to trade major global stocks using crypto as collateral.
- The contracts include the “Magnificent Seven” stocks—Nvidia, Tesla, Apple, Alphabet, Microsoft, Amazon, and Meta—and other technology and crypto-linked firms.
- All contracts are denominated in USDT and offer up to a maximum of five times leverage.
- Traders can use Bitcoin, Ethereum, and yield-bearing crypto assets as collateral under a unified margin system.
- The launch is part of OKX’s strategy to broaden its platform’s real-world asset offerings following a $25 billion valuation investment from Intercontinental Exchange.
OKX aims to provide retail traders with easier access to major U.S. equities through synthetic exposure products that do not grant ownership but track price movements closely. This initiative allows traders to engage with traditional markets using their crypto portfolios as collateral even when conventional equity markets are closed.
By offering equity perpetual swaps with up to five times leverage and accepting various cryptocurrencies for collateral, OKX is enhancing retail investors’ ability to participate in global stock trading outside traditional brokerage systems. (Source)
