- OKX has launched over 20 synthetic stock perpetual swaps, providing 24/7 trading on major equities like the Magnificent 7 using crypto as collateral.
- The derivatives contracts offer up to 5x leverage and are available to users in Asia, Latin America, and other regions where access to traditional U.S. brokerages is limited.
- The launch is the first phase in a broader push into real-world asset exposure, following a strategic investment from the NYSE’s parent company, Intercontinental Exchange.
OKX unveiled over 20 equity perpetual swap contracts this week, offering crypto traders across Asia, Latin America, and Türkiye synthetic exposure to major U.S. stocks. The launch includes all Magnificent 7 tech giants, crypto-related firms like Coinbase, and the S&P 500 tracker SPY.
Consequently, traders can respond to earnings or news around the clock by posting Bitcoin, Ethereum, or staked assets as collateral under a unified margin system. However, these are derivative contracts that track price movements without granting actual share ownership.
“I think these instruments will command a good following from momentum-driven retail investors,” Presto Labs head of research Peter Chung told *Decrypt*. He noted crypto exchanges are often more accessible globally than traditional financial rails.
An OKX spokesperson said this rollout is a step toward bringing more real-world assets onto its platform using crypto portfolios. Meanwhile, the launch follows a high-profile investment from Intercontinental Exchange, which valued OKX at $25 billion earlier this month.
That partnership is expected to let users trade tokenized NYSE stocks and derivatives later this year. According to CoinGecko data, the exchange’s native token, OKB, trades at $85.
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