OKX Enables 24/7 Mag 7 and SPY Exposure with Crypto-Collateralized Equity Perpetuals

OKX expands crypto-market access by offering 24/7 US equity exposure through crypto-collateralized perpetuals linked to the Magnificent 7 and SPY.

Rich by Coin

2026-03-24

OKX has introduced 24/7 equity perpetual swaps tied to the Magnificent 7 and the SPY, enabling traders to gain stock-type exposure using cryptocurrency as collateral and with leverage, while the underlying shares remain unowned. The offering consists of more than 20 equity perpetual swaps denominated in USDT, allowing users in supported regions to access major global stocks around the clock and to react to earnings and macro news without relying on traditional markets’ hours.

The contracts provide price-tracking exposure rather than ownership of the actual shares, and they allow up to 5x leverage. Traders can post Bitcoin, Ethereum, USDT, and staked assets as collateral within OKX’s unified account, with some positions continuing to generate returns even if the trades stay open longer. The product is designed to emphasize continuous access, leverage, and capital efficiency, aiming to make equity trading feel more familiar to crypto-native users.

The lineup includes the full Magnificent 7—Nvidia, Tesla, Apple, Alphabet, Microsoft, Amazon, and Meta—alongside crypto-linked names such as Strategy and Coinbase, plus Palantir, Intel, Micron, SanDisk, and the SPY ETF. These contracts do not confer ownership of the underlying shares but track price movements, enabling traders to respond to earnings, macro events, and other market-moving headlines even when traditional markets are closed. The move reflects OKX’s broader strategy to expand real-world asset exposure and tokenized assets, seeking to broaden access to U.S. equities for retail traders outside conventional brokerages, particularly in parts of Asia, Latin America, the CIS, and Türkiye.

In essence, OKX is using perpetual swaps as the opening salvo in a wider push into real-world assets, with the goal of expanding both equity-linked contracts and tokenized asset exposure in the coming months. This approach could significantly alter how crypto users access stock markets, presenting a near-constant window into equity exposure without leaving the crypto trading environment.