OKX launches equity perpetual swaps, offering 5x leverage to ‘Mag 7’ stocks
OKX introduced equity perpetual swaps, allowing traders up to 5x leverage on major global stocks like the 'Mag 7' using crypto as margin.Summary
Crypto exchange OKX has launched equity perpetual swaps, enabling traders in eligible regions to gain 24/7 exposure to major global stocks and indices, including the 'Magnificent 7' (Nvidia, Tesla, Apple, Alphabet, Microsoft, Amazon, and Meta), using cryptocurrency as margin. These USDT-denominated contracts offer up to 5x leverage and are available across Asia, the CIS region, Latin America, and Türkiye. Users can collateralize positions with BTC, ETH, USDT, or assets in OKX's Trading Account Auto Earn, with staked assets continuing to generate yield. OKX founder and CEO Star Xu stated this expands infrastructure to support global equity exposure while keeping crypto portfolios intact. The platform emphasizes its 'true unified cross-margining,' allowing users to deploy their entire portfolio across crypto and equity perpetuals in one account, unlike competitors that require separate accounts or limit collateral to USDT. This launch is the first step in a broader plan to introduce more equity products and tokenized real-world asset offerings.
(Source：The Block)