OKX has introduced more than 20 leveraged stock contracts with up to 5x leverage. The instruments trade 24/7 and are denominated in USDT. Traders can use bitcoin, Ethereum, and staking assets as margin.
Global fintech company and crypto trading platform OKX has announced the launch of stock contracts that give traders in eligible regions, including Ukraine, 24/7 access to leading stocks and indices, using cryptocurrency as margin. The press release says that all contracts are denominated in USDT, offer up to 5x leverage, and trade 24/7, enabling clients to react to earnings reports, macroeconomic events, and major announcements in real time, even when traditional markets are closed. According to the team, additional contracts will be announced in the coming weeks. The launch includes contracts on the full lineup of the Magnificent Seven: Nvidia (NVDA), Tesla (TSLA), Apple (AAPL), Alphabet (GOOGL), Microsoft (MSFT), Amazon (AMZN), and Meta (META).
The crypto sector: MSTR (MicroStrategy), COIN (Coinbase), HOOD (Robinhood), CRCL (Circle). Tech leaders: PLTR (Palantir), INTC (Intel), MU (Micron Technology), SNDK (SanDisk). Index instruments: SPY (S&P 500). OKX also added that, thanks to stock contracts, traders can use bitcoin, Ethereum, USDT, and assets used in the “auto-invest” feature as collateral.
Assets used as margin continue to generate yield while simultaneously supporting open positions. OKX concluded that this launch is the first stage of a broader strategy that includes expanding the range of equity contracts, markets, and tokenized real-world assets on the platform. In particular, the company plans to add new stock-based products and expand access to real-world assets in the coming months.
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