OKX Rolls Out Round the Clock Trading for Mag Seven Stocks Using Crypto Collateral
OKX has introduced over 20 equity perpetual swap contracts, allowing users in Asia, the CIS region, Latin America, and Türkiye to trade major global stocks 24/7 using crypto as collateral. The offering covers key U.S. equities such as Nvidia, Tesla, Apple, Alphabet, Microsoft, Amazon, and Meta (“Magnificent 7”), as well as companies linked to crypto and technology, plus the S&P 500 tracker SPY. Contracts are denominated in USDT with up to 5x leverage and function as derivatives, providing synthetic exposure without actual share ownership. OKX differentiates itself with a unified trading account, enabling users to use Bitcoin, Ethereum, USDT, and staked assets as collateral—these assets can continue to generate yield while trades remain open. This move targets retail users who struggle to access U.S. stocks via conventional brokers. The launch is part of a broader plan to expand real-world asset exposure on the platform and follows a partnership with Intercontinental Exchange, which will eventually let OKX users trade NYSE-listed tokenized stocks and derivatives.
