OKX has launched equity perpetual swaps that allow trading stocks with up to 5x leverage, settled in USDT, and available around the clock. The initial lineup includes the Magnificent 7 stocks—Nvidia, Tesla, Apple, Alphabet, Microsoft, Amazon, and Meta. The platform uses crypto as collateral and features unified cross-margin across crypto and equity positions to improve capital efficiency. Not limited to Big Tech, the broader set of eligible assets includes crypto-related firms such as MicroStrategy, Coinbase, and Robinhood, as well as other tech names like Intel and Palantir.
OKX describes cross-margin as enabling users to use BTC, ETH, or USDT as collateral and to manage all trades in a single account, while continuing to earn yield on assets used as margin. The offering is designed to enhance capital efficiency by keeping crypto holdings invested while accessing stock exposure. The product has rolled out in regions including Asia, the CIS, Latin America, and Türkiye, although regulatory eligibility remains a prerequisite in many jurisdictions.
Star Xu notes that this is only the start of the rollout, with plans to expand into tokenized real-world assets and additional on-chain equity products. The move follows support from Intercontinental Exchange and underscores a broader trend toward closer integration between crypto platforms and traditional finance. The article also raises questions about whether 24/7 crypto-backed equity trading could affect traditional stock markets, investor appetite, or regulatory barriers as the landscape evolves.
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